The Shift to a Gig Economy

The ongoing transition to a gig economy is reshaping the job landscape, with a growing preference for freelancing over traditional nine-to-five positions. Predictions suggest that conventional jobs will become increasingly rare by 2034, as many individuals, particularly younger generations like Gen Z, are already embracing this change. Research indicates that over half of Gen Z professionals have engaged in freelance work, highlighting a stark contrast with older generations who are less likely to adapt. This shift is driven by advancements in technology and the rise of platforms that facilitate gig work, suggesting that the future of employment may be dominated by freelancers managing multiple contracts across various industries.