No, You’re Not Going Crazy…Everyone Is Quitting Their Job

Way back in 2015, in partnership with Emergent Research, Intuit estimated that about 3.2 million Americans were regularly working as “providers” in the on-demand economy. If you’re reading this site, chances are you’re one of us: freelancers or soloprenuers working for yourself or holding down a side hustle in addition to a 9-5. Their 2020 survey forecasted that by that year, 7.6 million Americans (more than double the number increased in just five years).

In fact, Europeans have been leading this trend for longer than their American counterparts. For instance, the number of independent professionals, or freelancers, in the EU-28 rose by 24% from 7.7 million to 9.6 million between 2008 and 2015, according to new research published by IPSE.

Who is an “On Demand” Provider?

Basically it’s someone as described above, yet 79% of respondents claim their on-demand activity is part-time. More and more folks are using opportunities to make money on the side to support living in other ways than just a typical 9-5. It’s the freelancer writer working in the coffee shop; the digital nomad running drop shipping sites in Chiang Mai, Thailand; or consultants hosting trainings and workshops virtually.

It’s also anyone who’s driving rideshare, renting Airbnb properties and now, even Amazon’s gotten into the game by offering ways to become your own “last mile” delivery service.

Why is This Happening?

As millennials age, many who experience conventional career “success” are often left unsatisfied with their jobs. However, it’s not just the steep drop in employer provided pensions. From 60% of full time workers in 1982 to barely 14% of full time workers in 2015. Or the ballooning duration of unemployment (from 8.5 weeks in 1980 to over 82 weeks in 2015).

The collision of advancements in A.I. and mobile technology, growth of a global trading market and a focus on fulfillment rather than pay has lead to many escape overly bureaucratic corporations. Even Bloomberg is reporting that around 3.56 million workers left positions this past May. That brings the quits rate to a 17 year high of 2.4% – a number that measures those who quit as a share of employed people.

The Importance of European Freelancers Week

As more and more individuals choose working as freelancers, there is a need to connect this growing population. It is vital for us to work together to help governments evolve to protect workers’ rights. There is also power in collaborating with and supporting one another.

European Freelancers Week is a series of events and actions created by and for independent workers. The events inspire freelancers to join together to improve their independent careers through learning, skill sharing, networking and political action. Event formats include talks, workshops and networking sessions.

Share an event you are hosting here or sign up to attend one of the events held throughout the EU this October 18-27, 2019!

The post No, You’re Not Going Crazy…Everyone Is Quitting Their Job was first published on Coworkaholic and is shared here in partnership with European Freelancers Week.

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