As the nation grapples with corporate layoffs, many workers are turning to alternative forms of employment. A recent study has shown that 36% of the workforce now identifies as independent workers or “gig workers.” This shift in the labor market has been accelerated by the events of the past year, with more than two million Americans choosing to venture out on their own in 2020. By the following year, that number had doubled, highlighting the growing trend towards independent work.
For some individuals, like public relations and marketing professional Priscilla Visintine, becoming an independent worker was a conscious choice that ultimately led to a successful career. Visintine initially started freelancing as a way to escape the demands of the hospitality industry. However, what began as a side gig quickly evolved into a full-fledged business as she began to acquire her own clients. Over time, Visintine’s business grew to the point where she needed to partner with someone to manage the workload effectively.
Despite the freedom that comes with being your own boss, Visintine emphasizes that independent workers still have multiple “bosses” in the form of their clients. This highlights the importance of maintaining discipline and setting boundaries when working as a gig worker. Washington University Professor John Barrios stresses the need for independent workers to consider tax implications, especially if they are operating as sole proprietors. Additionally, those involved in ride-hailing or delivery apps must factor in expenses such as fuel, maintenance, and insurance.
Barrios also highlights the importance of setting boundaries in gig work, as the lines between work and personal time can easily blur. Unlike traditional 9 to 5 jobs where the end of the workday is clearly defined, gig workers may find themselves constantly checking platforms and struggling to find time to relax. It is crucial for individuals considering gig work to establish clear boundaries to maintain a healthy work-life balance.
As Visintine transitions into a semi-retired phase of her career, she emphasizes the importance of being selective about the projects taken on. For those considering a move to gig work, she advises taking on challenges with confidence and jumping in with both feet. This willingness to take risks and adapt to new opportunities is essential for success in the gig economy.
In conclusion, the rise of gig work presents both opportunities and challenges for workers seeking alternative forms of employment. While independence and flexibility are attractive aspects of gig work, individuals must also navigate tax implications, set boundaries, and be prepared to adapt to the demands of a constantly evolving market. By approaching gig work with a strategic mindset and a willingness to take on new challenges, individuals can carve out a successful career in this growing sector of the workforce.
