Thursday Thought: How Businesses Are Adapting to The Freelance Economy [Infographic]

The freelance economy (or gig economy) is taking over. What was once considered a side hustle is increasingly becoming full-time work. This is quickly changing the interactions between employer and employee as these traditional roles become client/contractor relationships. The infographic below from Rutgers University highlights how this economy of independent contractors is changing the business world.

According to the infographic, there are 53 million freelancers in the US. The term 'freelancers' includes temporary workers, independent contractors, freelance business owners, moonlighters, and diversified workers. There also seems to be a higher demand for freelance work than ever before, with 43% of freelancers saying they are expecting to make more money in the coming year.

To see how the corporate world is accepting this change, check out the infographic below.