Curated News
By: NewsRamp Editorial Staff
October 15, 2024
New Study Shows Rise in Independent by Choice Workers Over Traditional Employment
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Discuss on SubstackTLDR
- 27.7 million full-time independent workers, 6.5% increase, 1 in 5 earn over $100,000 annually.
- MBO Partners study shows 65% full-time independents feel more secure, 72.7 million Americans choosing independent work.
- Shift towards independent work offers Americans freedom, flexibility, and financial independence, redefining career success for younger generations.
- AI tools, global reach, and specialized skills drive 14% increase in independent professionals, 31% provide services to customers outside U.S.
Impact - Why it Matters
This news matters as it highlights a transformative shift in the American labor market, reflecting a rejection of the traditional employer-employee social contract and a growing movement toward autonomy and purpose. It impacts individuals by showcasing the rise of independent work as a viable career strategy, with a workforce determined to redefine success on its own terms.
Summary
A new study from MBO Partners reveals a 6.5% increase in full-time independent workers, now reaching 27.7 million, since last year. Millennials and Gen Z are at the forefront of this movement, redefining career success, prioritizing flexibility, purpose, and financial independence over conventional job structures. AI and global reach fuel independent growth with the number of independent professionals providing services to businesses surging by 14%, reaching 11.2 million in 2024.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, New Study Shows Rise in Independent by Choice Workers Over Traditional Employment
