The way we work has changed. And it will continue to evolve. With five million UK workers already employed on-demand via services such as Airbnb and Uber, the balance is shifting between those who use ‘gig’-work to supplement an old-fashioned 9-5 job and those for whom a networked society means no longer having to show up at the office.

Over the past four years, over 40% of new jobs have been in self-employment, and this figure seems set to grow. Freelancers must decide for themselves whether the instability and risk of the gig economy is worth the freedom and potential earning power it offers. It’s a risk that many are choosing to embrace, choosing freedom and self-determination over the security of the monthly paycheque

Here is a breakdown of the challenges and opportunities facing freelancers and authorities alike in the wake of the gig-economy.

freelancers-transforming-economy

This post was originally published at OnStride.