The following is an excerpt from the article “What an Upcoming U.S. Government Survey Will Mean for Freelancers,” written by Mynul Khan and published by Fast Company.
“Back in February 2005, the Bureau of Labor Statistics identified 7% of U.S. workers as “independent contractors,” which included independent consultants and freelancers. Today, some 40% of the workforce consists of contingent workers: freelancers, contract workers, and part-time workers.
While the freelance economy has certainly been spurred by the growth of the sharing economy, the likes of Uber, Airbnb, and Taskrabbit can’t account for all or even most of that expansion. Millions of Americans now work independently as contractors, web designers, virtual assistants, and much more.
In fact, today’s labor market would be barely recognizable to someone from 2005—which is why the U.S. Department of Labor announced steps early this year to help get a better handle on what freelancing actually looks like in 2016. Here’s what that could mean for independent workers of all stripes.”
Read the full article on Fast Company.