The Freelancer Generation

The Freelancer Generation: Why Startups And Enterprises Need To Pay Attention

Gone are the days of the 40-hour work week that kept us at work eight hours a day (I find that most startup founders or business owners in Silicon Valley work 50-60 hours a week). Freelancing is becoming the accepted norm of the startup world. As more startups are starting to use the millions of freelancers, it’s driving more and more people to join the freelancer generation. Regardless if you’re a startup or enterprise, it’s in your best interest to pay attention to the freelance movement if you want to succeed in this new economy. The Freelancer Generation Is Booming Recent research states there are more than 53 million (almost 54 Million) freelancers in the U.S.; it’s quickly becoming one of the largest workforces. Indeed, more than one-third of all U.S. workers have partaken in freelance work in the past year. Compared to the previous year, that’s more than 700,000 new freelancers. It’s also predicted that by 2020, contingent work (freelancing jobs) will become the dominant form of labor, making up to 50 percent of the labor force. Another interesting stat is that 43 percent of freelancers are Millennials. That’s important to know, because 1 in 3 American workers today are Millenials. This is in part due to: advances in technology that allow increased remote work; an increasing digital economy; a growing part-time workforce; and labor force gains and losses. Furthermore, people have realized they can thrive financially as freelancers, enjoy the flexible schedules that can create a favorable work-life balance and easily promote their services to potential clients. Business owners soon may not have many other options when looking for top talent, as a majority of the workforce will be freelancers in the very near future. This is factoring in all the freelancers […]

One thought on “The Freelancer Generation

  1. John Johnson

    Fully concur with this view. I hired so many freelancers to promote my business in the beginning. But I noticed one thing some freelancers wanted me to sign contracts with them. So that they could work comfortably and I learnt that it is important in the present times to avoid double dealing. Now I hire only that freelancer who is able to sign documents online.

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