Bryce reflects on data from the gig economy, sharing insights into how freelancers are succeeding (and what issues they're struggling to overcome).
Here are the links he talks about during this episode:
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As vast majority of freelancers AND CO interviewed—95% of them—are what are being call "Slash Workers," or independent workers whose services or skills vary by client and project. About 70% of respondents were from the States
Money and jobs:
Bonsai found that for all skills and locations, the most significant jump in compensation per experience level comes between the 1-3 and 3-5 year categories. This can be most often attributed to them developing essential business skills (project management, negotiation...), developing their knowledge about their market and their clients, building a strong portfolio and leveraging their network.
Developers earn about 30% more than designers across experience levels and geographies. This happens to be true even for highest charging designers (ie Product Designers) when compared to lowest charging developers (Front-end / Android)
Design rates (in particular graphic design) hardly reach $60 per hour for all locations and experience levels. While developers can see their rates increase quickly with their gaining experience (typically after 3 years), most experienced designers grow rates at a slower pace. The most common explanation we’ve heard for this is local or international competition at lower rates, including from part time designers. The lower barrier to entry for design types, plus the smaller project sizes, leads to lower rates.
The issues for freelancers: