What type of people are Freelancers? A look at the numbers and trends.
That’s right, you’ve decided to read this because “a” you are interested to hire a freelancer or “b” you are or want to become one because face it, work freedom is much more attractive.
In a way, going freelance is the gateway to entrepreneurship and has been on the rise. It has to do with trends moving away from “work life balance” to “work life integration.”
Work life integration has to do with the flexibility of work hours and individual work freedom. Some people are morning people, some are night owls. Freelancers are driven by a week for which they choose their schedule and can “clock in.” With the internet capabilities allowing people to work from anywhere, you don’t lose time spent on a daily commute to work, instead you have more flexibility with your daily hours.
A well structured and accomplished freelancer has it all. Flexible schedule intended to meet their required tasks. They can plan ahead, take half of their Thursday with a friend in town, then plan to get up early the next day to complete their task. Our mobile phone now adds to our brainpower, allowing us to know what we have in store at all times. Some say it can be an addiction, but others see it as “getting ahead” of their purpose in life and work.
So let us dive into the numbers brought to you by the Freelancing in America Survey. To see where the trends lie, and what stats stand out when looking at the nomad worker.
Freelancers are on the rise:
When looking at the United States, the freelance market has grown from 3.6 million from 2014 to 2018 a whopping 56 million freelancers. In addition, from this time spam, work hours have increased from 998 million hours a week in 2015 to 1.07 billion in 2018.
People choosing to be freelancers by choice rather than necessity has risen from 53% in 2014 to 61% in 2018.
Hirees and freelancers together save on taxes:
You heard it, when you look at income taxes from European countries can go as high as 57%. Thus if your salary as an employee is 50K Euros a year, your employer is taxed which can result in half of your salary. On the other hand, being self-employed nocks the taxes down to an average of 15%. In Europe even if you pay for your own health insurance, it’s still substantially cheaper!
One can argue that job security is obviously safer, but it doesn’t mean you make more money. You, in fact lose out on taxes.
Not all generations freelance equally:
In general, the rule is the younger an adult is, the more likely they are to freelance. While just 29% of baby boomers freelanced, 31% of Gen X did, as did 40% of millennials. Among Gen Z professionals, 53% did contract work.
Freelancers claim a better life balance and are more involved in their countries politically:
When comparing full time employed to self-employed 53% of full-time freelancer respondents claim their politically active compared to 34% of full time employees. In fact, 72% said they’d be willing to cross party lines to vote for candidates who support freelancer interests showing a more independent behavior over right vs. left.
Politically involved with independent trends, saving money on taxes and freedom with work hours is what’s creating the rise of the freelancer. Here at CryptoTask we strive to be the most significant cost saving freelance application based on our decentralized solution and trustless dispute review mechanism.
What is Cryptotask.org?
CryptoTask (CT) is a decentralized freelance market ecosystem skipping 3rd party fees by directly connecting hirees and applicants peer to peer. CT uses a commercially scalable consensus mechanism with a reviewer board selection built into the blockchain. This means job disputes are resolved much faster and cheaper, while your reputation is stored on blockchain and there is no arbitrary censorship or hidden tampering, such as hidden boosting, something that centralized platforms are infamous for.
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