The continuing development of on-demand platforms and gig labour has pushed this segment into the mainstream, necessitating legislation, since the digitalization of employment has resulted in a transformation in how people work all over the world. Governments all across the globe must pay attention to and analyse the new labour market since there is a great potential for exponential development as more individuals enter the markets.
According to Fiverr, one of the major freelancing marketplaces, the Freelance Economic Impact study found that in the top 25 markets in the United States for freelance work, new service providers increased by 14 percent (from 2011 to 2016), and income increased by 19 percent.
These freelancers have contributed more than $135 billion to their communities’ economy (between 1 and 2 percent of GDP depending on the market.) Now, this is a fantastic chance and a win-win situation for all stakeholders, including the people, the government, and, of course, the country.
This study shows that the breadth of freelance work is expanding and that more individuals are turning to the gig economy. Freelancers make important contributions to their local economies, and if they are to continue to thrive, their governments must assist them.
There are several things that may be done in the United States alone to provide a level playing field for online competent freelancers.
To begin with, Freelancers must be legally protected for agreements, contracts, and money in order to avoid being taken advantage of. Moreover, all governments should make the availability of high-quality internet a requirement. These freelancers should be provided proper training so that they may learn from professionals who have previously shown their worth in this industry.
Training and knowledge must be brought to rural, underdeveloped areas, particularly in nations such as India and Pakistan, so that people may not only master the trade but also make a fair living.
Last but not least, it is past time for each nation to establish its own freelance marketplace, as the world’s most prominent freelance markets can only handle a certain number of freelancers while maintaining quality and striking a balance between clients’ projects and freelancers. With each nation developing its own freelancing marketplace, local projects may be placed online, allowing local talent to give their skills while also improving the country’s eco-system.
Freelancing is the future; the world is rapidly shifting to this style of employment, and it is past time for us to acknowledge this industry and take actions to help freelancers.
