It's a very difficult economic situation right now. Those who are working for the big companies, are constantly under pressure to ensure that they aren't fired. Still they do not know whether they are going to have their job in the coming month or not. So the situation is very different and the outlook is grim.
So side hustle is a requirement nowadays especially for people who are the sole bread earner for their family. Probably this is what going to gain prominence as the loyalty and trust is decreasing in the job field. It's all about making money in an honest and legal way. Time will soon become a premium.
Topic: Forget a return to office: We’re living in the age of side hustles - page 6. (Read 1284 times)
December 15, 2022, 10:55:08 AM
December 15, 2022, 10:09:26 AM
Definitely we are living in the era of side hustles. With all the reasons plotted above there are also valid reasons like need of “multiple income” sources considering increased cost of living while less salary hikes for the fixed salary jobs.
There is even craze of doing “moonlight works” everywhere. By definition it means one person joining 2 or more than 2 companies at the same time to earn more money. This tells us the story that living has become very hard. If you don’t have bank accounts full of cash then you have to keep struggling with side hustles and moon Light work.
There is even craze of doing “moonlight works” everywhere. By definition it means one person joining 2 or more than 2 companies at the same time to earn more money. This tells us the story that living has become very hard. If you don’t have bank accounts full of cash then you have to keep struggling with side hustles and moon Light work.
two or 3 jobs a day is really hard to do but the necessity to do it is just pushing a family man to keep it because the man has to provide for the family. yes its hard to live now. ride sharing and delivery services boom since the start of covid lockdown and its still here. i was considering to sign up.
there isn't enough crypto companies that can provide freelance jobs to the influx of new generations though. but the adoption i guess will force the old generation to learn the crypto for their pay.
December 15, 2022, 09:46:58 AM
I have a lot of friends that are professionals and registered in in the state and then they are changing career paths because of this type of thing with the freelance and the work from home approach. Even I have thought and asked of myself this thing because there are a lot of people who are earning a lot more than me and they are having the time of their lives because it’s not so stressful with the work from home set up.
I think you are lucky if you are able to do what you want and like at the comfort of your home, and then those people who are making a side hustle to the main thing, then kudos. They are probably wanting to have more comfort compared to stressing themselves out with the normal job.
Depends on the person as well, if you are willing to do it, that kind of thing
I think you are lucky if you are able to do what you want and like at the comfort of your home, and then those people who are making a side hustle to the main thing, then kudos. They are probably wanting to have more comfort compared to stressing themselves out with the normal job.
Depends on the person as well, if you are willing to do it, that kind of thing
December 15, 2022, 09:43:17 AM
I've been a freelancer for a year, and I can tell you, the money (in general) is great, but the challenges of being "outside of the system" are there.
You want to get a bank loan to buy an apartment? No chance, you're a freelancer. Doesn't matter if you have enough income and contracts to prove it, the bank doesn't want to take the risk.
You want to get a car leasing? Same deal.
Medical insurance? Welcome to hell
I think that, to get the full benefits of the system, you would either need to be employed full time, or have your own company. Being a freelancer is just something in-between and quite a challenge.
You want to get a bank loan to buy an apartment? No chance, you're a freelancer. Doesn't matter if you have enough income and contracts to prove it, the bank doesn't want to take the risk.
You want to get a car leasing? Same deal.
Medical insurance? Welcome to hell
I think that, to get the full benefits of the system, you would either need to be employed full time, or have your own company. Being a freelancer is just something in-between and quite a challenge.
December 15, 2022, 09:38:08 AM
With concerns lingering over future job automation and lack of wage growth. Could side hustles and freelancing work represent the natural progression for the future of job markets? If this is true, then could crypto also be prominently positioned to best leverage and fulfill needed areas of freelance finance, given its flexibility, adaptability and rapid deployment capabilities.
The youth make up the greater number of the world population and in some countries 16-18 years is already independent of the family and that means they have to food and survive by themselves. Survival comes down to being able to get a job but such 8 - 5 pm jobs are to exclusive reserve of certain people this means larger population have to look for other ways to survive. I think the working at home stuff got more attention from the covid-19 pandemic where many people started surfing the internet to find more ways to survive and fortunately cryptocurrency market was already existing and so it became a good option or alternative to surviving.
December 15, 2022, 08:57:11 AM
Definitely we are living in the era of side hustles. With all the reasons plotted above there are also valid reasons like need of “multiple income” sources considering increased cost of living while less salary hikes for the fixed salary jobs.
There is even craze of doing “moonlight works” everywhere. By definition it means one person joining 2 or more than 2 companies at the same time to earn more money. This tells us the story that living has become very hard. If you don’t have bank accounts full of cash then you have to keep struggling with side hustles and moon Light work.
There is even craze of doing “moonlight works” everywhere. By definition it means one person joining 2 or more than 2 companies at the same time to earn more money. This tells us the story that living has become very hard. If you don’t have bank accounts full of cash then you have to keep struggling with side hustles and moon Light work.
December 15, 2022, 08:35:34 AM
I mean insurances, 404k, paid vacations, bonuses, etc.
If not, I am afraid big companies might take advantage of freelance workers in order to get job done while having no legal strings attached to them. Or am I wrong on this one?
Big companies are already working like intermediaries to other countries agents like helping them to contract freelancers and other workers generally to work for them but the unfortunate thing there is they don't properly take care of them and their welfare. Making people are now based on side hustle but in illegal ways, some conceal contriband to transport outside.
December 15, 2022, 08:02:00 AM
Generation Z appears to be the largest freelancing demographic. Which makes sense given they're probably the most internet and technology literate. I think generation Z is also the largest crypto using and supporting demographic.
It's true, many in other parts of the world also generation Z dominate crypto technology and adapt more quickly to technology so they have skills in information technology, including many of my friends who know what Bitcoin is and on average they are day traders.Quote
With concerns lingering over future job automation and lack of wage growth. Could side hustles and freelancing work represent the natural progression for the future of job markets? If this is true, then could crypto also be prominently positioned to best leverage and fulfill needed areas of freelance finance, given its flexibility, adaptability and rapid deployment capabilities.
I think it will take another few decades for generation Z to enter the global government and financial system, with those who are adept with technology and quickly adapting to circumstances, will change some of the systems with their minds, whether from regulation, financial policy, or employment policy and so on. others, to provide concessions to crypto technology in aspects of people's lives. legendary
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December 14, 2022, 11:25:19 PM
While it is not mentioned, I am wondering how many "freelancers" earn income in crypto related ventures?
Well, the example is in this very forum. There are quite a few of us who receive an income, which depending on where in the world you live is a decent side hustle or even a good salary. I'm not only talking about participating in signature campaigns, but also managing them, giving loans, translating, etc.
The great thing about the internet is that it has made it possible for everyone to earn an income from home, instead of the traditional side hustles that require physical presence, such as working as a waiter or delivering pizzas.
December 14, 2022, 10:40:34 PM
Of course in this era there's many way to make money without need to work under your boss or company, but make sure you're need to have very good knowledge, skillful and has a wide connections. You can't just become a master of blockchain but you can't find the place how to sell your service, in this way you need a lot connection where someone can recommend your service to the clients that need it.
Honestly working your under boss or company doesn't have 100% guarantee you will not get kicked or fired, which mean every jobs has it own risk.
Honestly working your under boss or company doesn't have 100% guarantee you will not get kicked or fired, which mean every jobs has it own risk.
December 14, 2022, 10:35:28 PM
While it is not mentioned, I am wondering how many "freelancers" earn income in crypto related ventures? Crypto being one of the bigger employment and revenue creating opportunities of recent times, is it possible that a significant segment of side hustles are crypto based ventures? Or is the trend more evenly distributed throughout ride sharing apps, amazon delivery freelancing and purely internet based activities?
Crypto base qualifications are at an equalization stage as current job opportunities, these bases are considered as jobs that are not bound by time, age and can be done by anyone, although there is no accurate data on the number of bases that have spread throughout the region at this time, pure inter activity utilized by generation Z who are capable of technology.Quote
Generation Z appears to be the largest freelancing demographic. Which makes sense given they're probably the most internet and technology literate. I think generation Z is also the largest crypto using and supporting demographic.
This generation continues to contribute to the highest levels of internet usage to date, because they are very tech-savvy and internet savvy. There are many ways to make money in the ever-evolving technology space and they are more ready to accept and take advantage of these conditions, while the generations below tend to be less technologically literate and have difficulty seeing opportunities, so development requires a lot of learning and is difficult to develop.Quote
With concerns lingering over future job automation and lack of wage growth. Could side hustles and freelancing work represent the natural progression for the future of job markets? If this is true, then could crypto also be prominently positioned to best leverage and fulfill needed areas of freelance finance, given its flexibility, adaptability and rapid deployment capabilities.
All possibilities can happen, even who knows in the next few years they will no longer work part time in the office, because they think that technology and the internet have made this generation free to determine the time they work. Moreover, jobs are currently quite difficult to find, the wages they get don't match the work, so that Generation Z starts to leave the job model as before. Currently the Crypto space is getting bigger, the use of investment is quite widespread in various countries, considering that flexibility and adaptability tend to match their thinking. 
December 14, 2022, 10:30:39 PM
I am not well informed about the laws in the United States but I see a problem about being a freelancer at full time and the fact this could become the new standard.
Do freelancers even receive benefits which hired workers are supposed to have by law?
I mean insurances, 404k, paid vacations, bonuses, etc.
If not, I am afraid big companies might take advantage of freelance workers in order to get job done while having no legal strings attached to them. Or am I wrong on this one?
Do freelancers even receive benefits which hired workers are supposed to have by law?
I mean insurances, 404k, paid vacations, bonuses, etc.
If not, I am afraid big companies might take advantage of freelance workers in order to get job done while having no legal strings attached to them. Or am I wrong on this one?
December 14, 2022, 06:24:53 PM
Quote
This past year, 39% of American professionals participated in freelance work, either part-time or full-time, according to Upworks new survey of 3,000 adults. Thats equivalent to 60 million Americans, up 3 percentage points since 2021 and a record high since Upwork has performed said survey starting in 2014.
In 2021, only 36% of the workforce was freelancing. But in 2022, as people continued to want flexibility, freelancing became more appealing and essential. It all represents a shifting mindset in the workforce, Margaret Lilani, VP of talent solutions at Upwork tells Fortune.
Now, more than ever, professionals are questioning the old and traditional aspects of work and looking for something better, she says. People want to do what they love, have more control over their careers, and determine where, when, and how they work.
The autonomous nature of freelancing becomes more evident as more companies usher in a return to office. While remote work opportunities might be waning, the desire to have the freedom that working from home granted remains appealing 73% of respondents said schedule flexibility was a key reason they pursued freelance work, and 69% said the same for location flexibility. The idea of being ones own boss was also appealing to many (0%).
But, the real appeal to freelancing is quite simple: Money. A majority of respondents (83%) cited earning extra money as the top reason for freelancing, and 73% cited control over ones financial goals and future. Dealing with inflation and stagnant wages, more Americans are looking to side gigs in order to stay afloat. A Bankrate survey from this past summer found that more side hustlers were dependent on their extra income to pay for everyday expenses than they were in 2019.
Freelancers are also more likely to be satisfied with their pay than their non-freelancing counterparts; Upwork found that while 57% of freelancers were happy with their wages, only 42% of non-freelancers felt similarly.
Perhaps due to their financial situation, the youngest generations are most likely to pursue freelancing; 43% of Gen Zers and 46% of millennials said they were freelancing this year. It makes sense, given that these generations are more likely to be in entry-level jobs that simply dont pay enough for the current cost of living. While older millennials may be in the mid-career and earning more money, theyre also in a life stage of big ticket expenses, from weddings to homeownership. Financial anxiety is high among these groups, as many dont think theyll ever be able to afford their dream lifestyle.
And Gen Z has proven to be especially nervous about a looming recession, likely because a majority of them are experiencing true downfall on their own for the first time. The youngest generation is preparing for a potential recession the most, cutting down on spending, delaying purchases, working another job, and working more at a rate higher than any other generation.
Sure, freelancing is about control and a changing mindset but its also about being able to pay the bills.
https://fortune.com/2022/12/13/freelancing-record-high-side-gigs-millennials-gen-z/
In 2021, only 36% of the workforce was freelancing. But in 2022, as people continued to want flexibility, freelancing became more appealing and essential. It all represents a shifting mindset in the workforce, Margaret Lilani, VP of talent solutions at Upwork tells Fortune.
Now, more than ever, professionals are questioning the old and traditional aspects of work and looking for something better, she says. People want to do what they love, have more control over their careers, and determine where, when, and how they work.
The autonomous nature of freelancing becomes more evident as more companies usher in a return to office. While remote work opportunities might be waning, the desire to have the freedom that working from home granted remains appealing 73% of respondents said schedule flexibility was a key reason they pursued freelance work, and 69% said the same for location flexibility. The idea of being ones own boss was also appealing to many (0%).
But, the real appeal to freelancing is quite simple: Money. A majority of respondents (83%) cited earning extra money as the top reason for freelancing, and 73% cited control over ones financial goals and future. Dealing with inflation and stagnant wages, more Americans are looking to side gigs in order to stay afloat. A Bankrate survey from this past summer found that more side hustlers were dependent on their extra income to pay for everyday expenses than they were in 2019.
Freelancers are also more likely to be satisfied with their pay than their non-freelancing counterparts; Upwork found that while 57% of freelancers were happy with their wages, only 42% of non-freelancers felt similarly.
Perhaps due to their financial situation, the youngest generations are most likely to pursue freelancing; 43% of Gen Zers and 46% of millennials said they were freelancing this year. It makes sense, given that these generations are more likely to be in entry-level jobs that simply dont pay enough for the current cost of living. While older millennials may be in the mid-career and earning more money, theyre also in a life stage of big ticket expenses, from weddings to homeownership. Financial anxiety is high among these groups, as many dont think theyll ever be able to afford their dream lifestyle.
And Gen Z has proven to be especially nervous about a looming recession, likely because a majority of them are experiencing true downfall on their own for the first time. The youngest generation is preparing for a potential recession the most, cutting down on spending, delaying purchases, working another job, and working more at a rate higher than any other generation.
Sure, freelancing is about control and a changing mindset but its also about being able to pay the bills.
https://fortune.com/2022/12/13/freelancing-record-high-side-gigs-millennials-gen-z/
....
The following could explain how many americans are supporting themselves despite not being officially employed.
Quote
This past year, 39% of American professionals participated in freelance work, either part-time or full-time, according to Upworks new survey of 3,000 adults. Thats equivalent to 60 million Americans, up 3 percentage points since 2021 and a record high since Upwork has performed said survey starting in 2014.
While it is not mentioned, I am wondering how many "freelancers" earn income in crypto related ventures? Crypto being one of the bigger employment and revenue creating opportunities of recent times, is it possible that a significant segment of side hustles are crypto based ventures? Or is the trend more evenly distributed throughout ride sharing apps, amazon delivery freelancing and purely internet based activities?
Generation Z appears to be the largest freelancing demographic. Which makes sense given they're probably the most internet and technology literate. I think generation Z is also the largest crypto using and supporting demographic.
With concerns lingering over future job automation and lack of wage growth. Could side hustles and freelancing work represent the natural progression for the future of job markets? If this is true, then could crypto also be prominently positioned to best leverage and fulfill needed areas of freelance finance, given its flexibility, adaptability and rapid deployment capabilities.
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