A number of reports and studies regarding
the freelance world, AKA the ‘gig economy’
have been published lately so I wanted to summarize the key
statistics found in the data.
50%: of the workforce will be comprised of gig workers by 2028.
Source: PYMNTS.com
The 57 million Americans who freelanced this year represent 35%
of the U.S. workforce and an increase of 4 million freelancers
since 2014. SOURCE: Upwork
16 Million: number of Americans who consider themselves
self-employed as of July 2019. Source: PYMNTS.com
1 in 6 enterprise workers are actually gig workers paid as
either 1099-MISC (1099-M) workers or short-term W-2 employees
working one to six months. Source: ADP
56 million people are now freelancing,... an increase of 3.7
million over the past 5 years. Source: Freelance Union
The freelance workforce is overall very young, with nearly 70
percent of freelancers surveyed being under the age of 35, and 21
percent are under the age of 25. SOURCE: Payoneer
The worldwide average hourly rate charged by freelancers is
$21, higher than the $19 average rate reported in Payoneer’s 2018
survey and significantly higher than the average salaries in many
of the countries surveyed. SOURCE: Payoneer
Female freelancers earn on average 84 percent of men’s earnings
across all fields. SOURCE: Payoneer
43%: The total proportion of the American workforce that’s
expected to move to remote- and freelance-based employment as of
2020 as reported by Innovation Enterprise Ltd.
The biggest users of contingent workers are organizations
operations/production/services division (37%) and the IT
departments (32%) SOURCE: EY
According to a study conducted by Randstad USA, 60%
of the population will be freelancing within the next 10
years.
For the first time, as many freelancers said they view this way
of working as a long-term career choice as they do a temporary way
to make money. In addition, the share of those who freelance full
time increased from 17% in 2014 to 28% this year. SOURCE:
Upwork
Skilled services are the most common type of freelance work,
with 45% of freelancers providing skills such as programming,
marketing, IT and business consulting. SOURCE: Upwork
Freelancers contribute nearly $1 trillion in freelancing income
to the economy, or nearly 5% of U.S. GDP. SOURCE: Upwork
Nearly two-thirds of HR professionals indicate the gig economy
is impacting hiring and staffing practices. A majority (64%) are
experiencing some sort of change because of gig economy trends.
SOURCE: HR.com
There are up to 15.5 million Americans – 10 percent of the
total U.S. labor force – who use contingent or alternative work as
their primary source of income. SOURCE: ICIMS
It’s a freelance nation, and we’re just living it!
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