The global freelancing and side gig industry, known as the “gig economy,” is projected to swell to a staggering $14.39 billion by the year 2030, and is on track to be the largest contributor to the overall workforce, making up 5% of the U.S. GDP and growing 15 times faster than the traditional job market. Despite over 50% of freelancers only making less than $55,000 per annum on average, this industry is rapidly accelerating? Why?
It turns out that approximately 60% of those who embrace this trend admit that they make more in their gig work than in their previous jobs. Another 70% opt in for making their side hustle a full-time freelance venture despite the pay uncertainty, lack of team bonding, and irregularity of work, so they can maintain a healthy work-life balance.
Recent Comments