Why Are More Workers Choosing Independent Jobs Over Traditional Jobs Despite Risks?
Despite the risks and lack of stability, a growing number of American workers — especially young workers — are working nontraditional jobs with unusual or flexible schedules.
According to Yahoo! News, an MBO Partners study shows that that number is 42 million if you combine both independent workers and occasionally independent workers.
Independent workers are less likely to work 8 to 5, Monday through Friday, and are more likely to work for startups or for on-demand services, even though the risks include:
1. Not having employer-paid health insurance, disability, and sick time.
2. Not having a social network of familiar coworkers.
3. Not always having a steady or consistent income.
4. Needing to be able to move from job to job rather than sticking with one or just a few companies throughout their career.
But despite those risks, MBO Partners' study reveals that 80% of independent workers said they are happier working independently than in a traditional job, and a majority said they are making more money.
If the trend continues, the number of combined independent and occasionally independent workers is expected to grow from 42 million to 54 million by the year 2020.
Are you part of the independent workforce? Do you see other risks or rewards? Do you prefer an independent or traditional job?