With so many freelancers, is the future of the "gig economy" coming?

The future of the gig economy.

The number of independent contractors has grown rapidly to 12.5 million over the past decade, accounting for 8.4 percent of the total U.S. labor force, according to a new study by Harvard economists. The study also found that between 2005 and 2015, about 3 million Americans became freelancers. In the UK, the number of freelancers has risen to 5 million, almost as many as work in the public **** sector. In the U.S., about 54 million people are now freelancing, equivalent to one-third of the labor force. By 2025, various online talent platforms are expected to contribute about 2 percent of the world's GDP and create 72 million jobs, according to a new report from the McKinsey Global Institute.

PwC estimates that by 2020, the market for improvised economy Internet platforms and related services will be worth about $63 billion. In 2014, that figure was just $10 billion. More and more freelancers are entering the labor market, earning extra income by renting rooms, designing websites, selling their homemade products or driving private cars through online platforms. With the growing boom in the odd-job economy, a new institutional model of peer-to-peer online platforms appears to have been created, with a mix of economic activities driven digitally through marketplaces or the internal organization of organizations.

Because these platforms offer various levels of trust, branding, and required technology for people with a variety of specialized skills SLASH, these platforms open doors for them, and employers like this approach. Because many times, employers don't need full-time writers, but just a few temps to work on a specific problem. For example, let's say you are developing a 6-week database project. In order to make data storage more secure and better displayed, the project needs support from both online and offline teams. However, the project team doesn't need to work full-time, it only needs to be available for 6 weeks and can be disbanded after 6 weeks, which is very flexible.