Why ‘Gig work’

is not so GIG

any more.

For many months, everyone has been talking about the gig economy and the Great Resignation. This post is NOT about it.

A recent report from Upwork discovered a shift away from ‘gig work’ in the freelance market. So this post is about:

  1. What is driving the transition from gig-freelancing to skilled professional services.
  2. Why do people freelance, and how is it working for them.

Read the post to learn the key report findings or scroll down to see infographics if you are more of a visual content person.

  • Overall, the percent freelancing in 2021 remained constant at 36% of the U.S. workforce. But there was a drop in temporary workers and an increase in skilled freelancing.

  • Freelancers contributed $1.3 trillion to the U.S. economy in 2021, $100 million more than in 2020.

  • 53% of all freelancers provided skilled services such as computer programming, marketing, IT, and business consulting in 2021, up from 50% in 2020

  • Those with the most education are freelancing more than ever: 51% of post-grad workers doing freelancing, up 6% since 2020, while the share of high school graduates or less freelancing has declined from 37% in 2020 to 31% this year.

  • 68% of new freelancers say that ‘Career Ownership’ is a top draw, followed by the ability to work remotely at 54%.

  • 78% of skilled remote freelancers cite ‘schedule flexibility as a key reason for freelancing, 73% cite location flexibility, and 73% say freelancing allows them to pursue work they find meaningful.

  • 56% of non-freelancers say they are likely to freelance in the future.

  • 63% of freelancers prefer freelancing over a traditional job. This number rises even higher to 76% for full-time skilled remote freelancers.

  • The number of freelancers who earn more than in their traditional jobs continues to grow. 44% of freelancers say they earn more freelancing than with a traditional job in 2021. It is up from 39% in 2020, and 32% in 2019‍.

  • The future of freelance is bright: 9 in 10 freelancers believe that the “best days are ahead” for freelancing; Two-thirds (67%) say they are optimistic about their career in 2022, compared to 58% non-freelancers.

So, why is the gig work not so GIG any more?

As it turns out, freelance have grown from random unqualified gigs to become a source of qualified long-term projects. We are happy about the change.

What surprised us in the research is that nearly half of all freelancers say that no amount of money would convince them to take a traditional job. What about you? How much $ would make you give up freelance?

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