New Data: Six-Figure Freelancing Is On The Rise

More High earning independents

 

From Forbes, Elaine Pofeldt discusses the increase in the number of independent workers earning more than $100,000 reported in MBO Partners State of Independence in America.  Elaine writes:

A growing number of free agents are bringing in six-figure revenue, according to new research by MBO Partners, which studies the independent workforce.

There were 3.3 million high-earning free agents who earn $100,000 or more—one in five full-time independent workers, according to the 2018 State of Independence in America report.

Their numbers have increased from 1.95 million, or 12.5 percent of full-time freelancers, in 2011 to 3.3 million, or 20.9 percent of full-time independents in 2018.

So what are they doing? Professional services is a hot area, with IT, marketing and biotech/pharma among the industries where these high earners are well represented, the report found.

The total number independent workers rose 2.2 percent to 41.8 million, up from 40.9 million in 2017. They generated $1.3 trillion for the U.S. economy-about 6.7% of the U.S. GDP.

Although we’re in a period of high employment—payroll jobs in the U.S. rose by 17 million firm January 2011 and January 2018—the number of independent workers has held steady.

Read the full story at New Data: Six-Figure Freelancing Is On The Rise

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