According to a recent report by Payoneer, a global payment and commerce platform, side hustles or freelance work are projected to become more prevalent than traditional jobs by 2024. The report surveyed over 7,000 freelancers and business owners across 159 countries. Key findings include: 1) 59% of freelancers believe that side hustles will be more common than traditional jobs within three years. 2) The COVID-19 pandemic accelerated the shift towards remote work and freelancing. 3) Freelancers cited flexibility, work-life balance, and being their own boss as top motivations. 4) However, challenges like inconsistent income, lack of benefits, and difficulty finding work were also noted. 5) The report predicts a continued rise in the gig economy, driven by technological advancements and changing workforce preferences.
Source: https://www.businessinsider.com/future-side-hustle-more-popular-traditional-jobs-extinct-2024-9