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The gig economy: A labor force for the future

     

Published on September 24, 2013
in Inspiration by

fiverr-gig-economy

The ratio of unemployed high-earners to low-earners is wider now than it has been in a decade. Similarly, during the Great Depression, the unemployment rate for those earning less than $20,000 was close to 21% — that stat nearly matches the current figure for low-earners.

But from where I stand, there’s hope. A new force of entrepreneurial labor is emerging: The Gig Economy. This revolution could soon represent up to 50 percent of the US workforce.

For many, business success was traditionally measured by the time spent at one company and the ultimate climb up the corporate ladder. The Gig Economy, however, takes a different view. In this economy, there is a shift in attitude and motivation.

In the wake of the Great Recession, consulting or freelancing for five businesses at the same time is a badge of honor. It illustrates the value and experience an individual can bring to several projects. Many companies now look to these “ultimate professionals” to solve problems their full-time teams can’t. Or they save money by hiring “top-tier experts” only for particular projects.

In fact, I believe this trend could be the thing that saves the American worker.

A look back

My father, for instance, is a successful senior executive in the semiconductor industry. In 35 years, he worked for only three companies. My own career, however, has proved different. For me, if you weren’t changing companies every three or four years, you simply weren’t getting ahead in your career.

And still, a short time ago the title “freelancer” or “consultant” wasn’t accepted the way it is today in American society. Back then, these “unprofessional professionals” were seen as less-than-desirable employees.

Today, a goal for many millennials is to work at home, or in local cafes; to start businesses with teams of digital freelancers, and to launch companies without fear of failure. Desired traits in businesses are now adaptability, initiative, and creativity. In order to swim, one must avoid sinking – the American worker has to find alternative ways to create success, both financially and personally.

A balance of tradition, innovation, hard work, and great benefits are all crucial in business today. A balance of work and play has always been necessary, but to create a work environment and business venture that is based around individual passion leads only to increased productivity, focus, and client value.

What’s next

Who are the people of The Gig Economy? They’re artists and designers. They’re writers, editors and translators, animators, videographers, and sound professionals. They’re programmers, DBA’s, and Q&A experts, and they’re providers of office services and career advice. They are our friends, and our kids. And in a decade, I think they will be nearly everyone.

Digital platforms, in 2013 and the coming years, can become the home base of an individual’s personal brand and professional identity. Business community, experience, and skills can all develop through the Internet and these advanced technologies. A community will build where the culture and value of a Gig Economy is reinforced and where honest businesses and services are rewarded with positive reviews.

Over time, as the traditional skeleton for business success diminishes, these digital platforms have the opportunity to bridge “old school” enterprises and the emerging Gig Economy. Perhaps most importantly, as the global economy continues to be disrupted, the Gig Economy will become an engine of economic and social transformation — giving workers, everywhere, a breathe of fresh air.

  • Puprle

    גאווה ישראלית (:

  • Dave Clarke

    Totally agree. The crucial bit is that every member of the Gig Economy needs to treat their gig(s) like a business. So while things like incorporating (protection) and accounting (money) and counsel (again, protection) feel very much “old school,” they are essential to the success of the Gig Economy. Go forth. =]

  • gurrupurru

    Yeah, everyone is going to get a decent living from doing 5$ commissions on Fiverr. Yeah, yeah.

    • jenfree84

      Its actually $4. Then upgrades make you better money. Some upgrade are $20 or more each. Most gigs have a low time consumption for the seller. So if you can get 10 gigs per day that make you $40… then 2 are upgraded to double the money bringing you to $60 or so…. Lets say these 10 gigs took you 10 minutes each to produce. You are working 100 minutes, an hour and a half work for $60.

    • fmfame

      these 4$ gigs are proved as a blessing for many people as i know of.i mean it literally changed their lives.

    • 67

      your a retard… so ill assume you dont make much? There are people who have earned 100k+ a year on fiverr. read more books please.

    • http://harrisonweber.com/ Harrison Weber

      It’s important to note that while the author founded Fiverr, he’s not saying it’s the only facet of his “Gig Economy” idea. Countless marketplaces across a ton of verticals should (and do) exist to support this sort of model.

  • Nab Aziz

    A decade ago, Digital Marketplace couldn’t pace with the real soul of earning through working in Real Marketplace. Even then, it is giving many people a real platform to cope with crucial economical stage of life by starting business at home.

    • sadfksafk

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    • sadfksafk

      ……..Now I tell you what is really “Unprofessional Behavior..”

      Ro paray gi tu…

      Or phir kisi k saath fraud nahi karay gi… or payrate pehle hi bata dey gi…

      I shall not reply to your any email…. what I shall do is…. a real vicious hell… just wait…

      Keep checking emails and keep reading messages all over the internet where you have Accounts or Websites or Email Addresses….

    • dkfaskdfks

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      Just tell me one word that I have used as
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      Now I promise to make your life miserable all over the
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      I want to cancel my previous order, so ignore it.

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