The Economic Perspective: “Freelancers in Today’s Economy”

Mary: I’m Mary Walden, with economist MW, welcoming you to the economic perspective. Today’s program looks at freelancers in today’s economy. Mike, there have always been workers who don’t want to be tied down to one job. They move from job to job as the opportunities arise. Traditionally, many of these temporary jobs didn’t pay well. But I understand there is a new kind of freelancer for whom the prospects of payment are much better. Please explain.

a. They’re workers with high-end professional training who are using modern information technology to be their own boss and still be well paid
b. Often work individually
c. Some go to the company’s location and do the job, while others are able to complete the work from
their home base
d. Point is this is their chosen way to work – provides them freedom, variety, and potentially good
income depending on the job and skills needed
e. Also, with today’s technology, can access jobs worldwide
f. Indeed, the largest number of these new freelancers are from Asia
g. Another example of how the labor market is changing
h. I’m MW

Mary: And I’m Mary Walden for the Economic Perspective, an NC State Extension program from the
Department of Agricultural and Resource Economics.