Last month I turned in my badge and my iPad at CFO.com, after a year plus slightly less than 6 months. A few days earlier, my then-girlfriend had been downsized from her company in a consolidation. For obvious reasons I've been spending some time thinking about the economics of work.
The last decade has seen the rise of something called the 'gig economy'. This is a general term that covers a wide variety of trends that economists and employers have seen, pretty much since Millennials entered the workforce. The term doesn't even have its own Wikipedia page, so I'm going to define what it means here. There are a lot of pieces to the gig economy, but here are the big ones commonly associated with it.
The first is the rise of freelancers. In early 2014, 1 in 3 Americans worked in positions they described as freelance, a total of about 42 million people. That number is projected to become 40% of the labor force in 5 years.