Posted 1/29/2024, 6:13:12 PM
Freelance Economy Booms to Over $1 Trillion, Driven by Content Creators and Flexible Income Seekers
- Freelance work accounted for over one-third of all work performed in the US in 2023, totaling over $1.27 trillion.
- 14.7 million freelance professionals created influencer content like livestreams and social media videos. This was 23% of all freelancers.
- It's unclear how much of the freelance work is being reflected in official jobs numbers and employment statistics.
- Many of the highest paying jobs today don't require a college degree and offer flexibility.
- People are taking on side hustles and freelance work to supplement incomes and cover rising costs of living.