A number of reports and studies regarding the freelance world, AKA the ‘gig economy’ have been published lately so I wanted to summarize the key statistics found in the data.
- 50%: of the workforce will be comprised of gig workers by 2028. Source: PYMNTS.com
- The 57 million Americans who freelanced this year represent 35% of the U.S. workforce and an increase of 4 million freelancers since 2014. SOURCE: Upwork
- 16 Million: number of Americans who consider themselves self-employed as of July 2019. Source: PYMNTS.com
- 1 in 6 enterprise workers are actually gig workers paid as either 1099-MISC (1099-M) workers or short-term W-2 employees working one to six months. Source: ADP
- 56 million people are now freelancing,... an increase of 3.7 million over the past 5 years. Source: Freelance Union
- The freelance workforce is overall very young, with nearly 70 percent of freelancers surveyed being under the age of 35, and 21 percent are under the age of 25. SOURCE: Payoneer
- The worldwide average hourly rate charged by freelancers is $21, higher than the $19 average rate reported in Payoneer’s 2018 survey and significantly higher than the average salaries in many of the countries surveyed. SOURCE: Payoneer
- Female freelancers earn on average 84 percent of men’s earnings across all fields. SOURCE: Payoneer
- 43%: The total proportion of the American workforce that’s expected to move to remote- and freelance-based employment as of 2020 as reported by Innovation Enterprise Ltd.
- The biggest users of contingent workers are organizations operations/production/services division (37%) and the IT departments (32%) SOURCE: EY
- According to a study conducted by Randstad USA, 60% of the population will be freelancing within the next 10 years.
- For the first time, as many freelancers said they view this way of working as a long-term career choice as they do a temporary way to make money. In addition, the share of those who freelance full time increased from 17% in 2014 to 28% this year. SOURCE: Upwork
- Skilled services are the most common type of freelance work, with 45% of freelancers providing skills such as programming, marketing, IT and business consulting. SOURCE: Upwork
- Freelancers contribute nearly $1 trillion in freelancing income to the economy, or nearly 5% of U.S. GDP. SOURCE: Upwork
- Nearly two-thirds of HR professionals indicate the gig economy is impacting hiring and staffing practices. A majority (64%) are experiencing some sort of change because of gig economy trends. SOURCE: HR.com
- There are up to 15.5 million Americans – 10 percent of the total U.S. labor force – who use contingent or alternative work as their primary source of income. SOURCE: ICIMS
It’s a freelance nation, and we’re just living it!