The article discusses the evolution of freelancing from a niche profession to a mainstream employment choice for over 76 million Americans, representing over 36% of the workforce. A significant increase in freelancing is anticipated due to corporate cost-cutting practices. However, labor experts express concerns about workers' rights and benefits eroding in freelance positions. A recent study highlights the adverse effects of artificial intelligence on freelancers, indicating that those with higher past earnings are likely to face decreased job opportunities and income as AI technology advances.
At one time, freelancing was seen as the domain of plucky young writers and daring web designers. Now, it's a growing fact of life for billions of workers around the world.
Labor experts warn that self-employment is a dangerous precedent that allows companies to shirk labor laws and keep worker benefits at a minimum.
Involuntary freelance is hard enough. But a recent study by researchers at Washington University and NYU's Stern School of Business highlights a new hardship facing freelancers.
For every 1 percent increase in a freelancer's past earnings, they experience an additional .5 percent drop in job opportunities and a 1.7 percent decrease in monthly income.
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