Freelance, side hustles, and gigs: Many more Americans have become independent workers

Understand the shift ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   AN ARTICLE A DAY, PICKED BY OUR EDITORS   Edited by Sarah Skinner   Digital Editor, New York Would you work a gig-style job? If so, you're not alone—a remarkable 36 percent of employed respondents in a US survey said they were independent workers, equivalent to 58 million Americans when extrapolated from the representative sample. Freelance and gig markets are gaining ground and many employees have "side hustles" on top of their regular jobs, but independent work's unique character means it tends to be an understudied segment of the economy. Don't miss a new report by McKinsey's André Dua, Kweilin Ellingrud, Bryan Hancock, Anu Madgavkar, and their coauthors—it covers the challenges of going it on your own, whether freelancers desire traditional jobs, and why independent workers are far more optimistic about the future than the average 9-to-5ver. Freelance, side hustles, and gigs: Many more Americans have become independent workers Independent work is booming, the American Opportunity Survey shows. For these workers and society, the upsides and drawbacks are all part of the gig. Understand the shift   Quote of the day "Companies don't exist for 150 years without reinventing themselves. As you reinvent yourself, in some ways you're pressure-testing yourself as to your beliefs, your purpose, and how you're going to act going forward." —Charles Lowrey, chairman and CEO of Prudential Financial, on defining purpose in a recent episode of the Inside the Strategy Room podcast   Chart of the day See today's chart   ALSO NEW A reflection on global food security challenges amid the war in Ukraine and the early impact of climate change Geopolitical and climatic events are impacting the food system's resilience. Here's what happened this year, what may come next year, potential consequences, and considerations that may mitigate the impact. Be prepared   AI and the super app: An interview with Careem's Selim Turki Careem's head of data and AI talks about how the Middle Eastern ride-hailing pioneer is using AI technology to simplify people's lives. Learn from an AI leader   How data and analytics are transforming the wholesale bank at HSBC James Bickerton describes how HSBC's Global Banking division is achieving sustainable growth by giving frontline employees broad access to data and analytics so they can better serve customers. Watch the interview   Follow our thinking Share these insights Did you enjoy this newsletter? Forward it to colleagues and friends so they can subscribe too. Was this issue forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here. This email contains information about McKinsey's research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to the Daily Read newsletter. Manage subscriptions | Unsubscribe Copyright © 2022 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007