The government estimates that roughly 31% of the American workforce are independent contractors. Meanwhile, Intuit did a study a couple years ago saying that 40% of the American workforce, or ~60 million people will be freelancers, contractors and temp works by 2020. Well, it’s 2021+ now and more people want to know how to be a rockstar independent contractor than ever before thanks to the global pandemic!
It’s clear the trend towards independent contracting / freelancing is on the rise thanks to technology and the Internet. Company benefits like pensions and 401k matches, are also declining. Finally, everybody wants to be free from the constrains of full-time work.
79% of independent contractors say they are happier working on their own. This is according to the 2019 edition of the State of Independence report from MBO Partners, a business services company focussing on the self-employed.
As someone who unexpectedly consulted for the financial technology industry over the past seven years thanks to my site, I strongly believe independent contractors will overtake full-time employment in the near future. Furthermore, you can actually make a lot more money as a freelancer than a full-time employee if you pack your schedule.