Whether you call it the Freelance Economy, the Gig Economy or the Sharing Economy, the statistics keep piling up as users and businesses embrace the services of temporary contractors over traditional services or salaried workers.
The latest report from Spera reveals that previously trending gains are continuing. As they have parsed the data, some of the emergent facts may be surprising.
In the U.S., the freelance economy has been heating up for steadily for years.
- In 2015, nearly 54 million Americans participated in some form of independent work. Spera says this represents over 33 percent of the entire U.S. workforce, and an increase of 700,000 workers year over year.
- Within the next three to five years, about half of the working U.S. population will be taking part in the gig economy for at least some part of their income.
- Over 10 million people — or about 1 in 12 households — do independent work for more than half of their income.