Why should freelancers be paid for their work?
As the technology sector grows and the internet becomes more accessible, it’s becoming harder for companies to compete for talent.
That’s partly because freelancers are increasingly underpaid, with the US Bureau of Labor Statistics projecting that only 37% of full-time workers earned more than $20,000 last year.
That doesn’t include the costs of being a freelancer, as the number of companies offering paid-time-off options is rising, and many businesses are struggling to attract the right talent to their teams.
The new pay models have come at a time when freelancers increasingly are competing for scarce work.
For example, a report from Equifax showed that the average salary of a job-search agent rose by 3.2% to $89,000 in 2018.
But this is still a far cry from the salaries paid by companies like Uber, where the average hourly wage rose by 1.4%.
And that’s despite the fact that the number, number, and number of job postings for job-seekers rose by about a third in the past year.
It also means that companies can get by with fewer employees.
It’s not just companies that are struggling with the challenges of hiring new talent.
According to the Bureau of Labour Statistics, fewer than 15% of US workers are currently paid on time, and that’s expected to increase to 20% by 2020.
In the meantime, companies are increasingly relying on people with less than a master’s degree.
This is particularly true of startups.
Companies are increasingly turning to people with fewer than a bachelor’s degree, with LinkedIn and LinkedIn’s data showing that the percentage of jobs requiring a bachelor has decreased by nearly a third from 2016 to 2020.
That trend is likely to continue in 2021, as companies continue to hire graduates from the private sector.
In other words, companies will continue to find it more difficult to attract talent to the work they do.
While there are still plenty of opportunities for the freelancer in the US, the reality is that the new models of pay are starting to become more expensive for companies.
Freelance software developers are the next to take a hit.
As the workforce becomes more mobile, there’s no doubt that freelancers will continue being underpaid.
And in the end, it won’t matter that the software developers who make these jobs more difficult will actually earn less than their counterparts in the traditional job market.
If you’re an IT professional looking for work, the answer is probably no.
If you want a job, chances are you’ll have to work at least a little bit.