Freelancing has become the fastest growing job sector after the global pandemic. It is predicted to have more than half workforce will be freelancing by 2027, according to a Freelancing in America Survey. This is pretty mind-blowing as every second person you meet will be part or full time freelancer. Let’s figure out why is freelancing so popular in this decade!

The fundamental for most freelancers is to maintain income source. Most businesses were forced to cut cost and lay off thus the unemployment rate was increased. Freelancing can be a plan B for the existing employee to compensate extra income or a new income source for unemployed ones.

Compared to salaried employees who know exactly how much they earn each month with occasional opportunities for raises, freelancers can increase income by taking more projects, new clients and working hours. Freelancing not only grants you versatility with how you earn an income but also to choose the service terms.

The flexibility to control when and where the task is done is another important factor. You have the options to work from home, a cafe, or a coworking space, it is ideal to get rid of politics. The independent work without corporate constrains is more attractive to late Gen Y and the future, Gen Z.

Of course, not everyone chooses to be a freelancer. For certain people, the setbacks outweigh the rewards and likely they prefer a more secured path. Best of all, this type of career comes without promises and commitments. Be your own boss, you decide!

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