4 gig economy trends that are radically transforming the US job market
No matter what they’re called — freelancers, independent contractors or flex workers — the folks who make up the gig economy now total nearly 60 million, and they are becoming an ever bigger slice of the American workforce. In fact, a recent survey commissioned by online freelancing platform Upwork and Freelancers Union shows that the freelance workforce is growing three times faster than the overall U.S. workforce and that the majority of people will be working independently by 2027.
2018 PERSOLKELLY APAC Workforce Insights
Hong Kong is leading in APAC, 55% of respondents agree that there is a preference for more flexible employment. This compares to 43% for the entire Asia-Pacific region, and by country, 37% in Australia, 36% in both India and Malaysia and 47% in Singapore. In HK, Front-line sales, event promoters, back-office roles and IT industries are the industry sectors where contract workers are most in demand.
Global Startup Ecosystem Report
China is the primary growth driver in this shift.
In 2014, only 13.9% of current unicorns were from China.
In 2017 and 2018 so far, that number has grown to 35%.
While for the United States it has decreased from 61.1% to 41.3%.