How Can Freelancers Boost Your Business In a Volatile Economy?

Michael Stover
The Freelancing and Writing Source
5 min readMay 21, 2024

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How Can Freelancers Boost Your Business In a Volatile Economy?
The author’s freelancing website

Freelancing, a trend that has been steadily gaining momentum, has now become a significant part of the business landscape. As companies navigate the ever-changing work environment, they are increasingly turning to freelancers to bridge skill gaps, tackle short-term projects, and gain specialized expertise. This shift towards freelancers, a trend that is here to stay, offers a multitude of benefits to businesses of all sizes.

Is Freelancing Really That Popular?

The COVID-19 pandemic, a global crisis that reshaped the world of work, has had a profound impact on the freelance market. In the United States alone, the economy shed over 22 million jobs between February and April 2020, a staggering number that surpassed the job losses during the Great Recession. This unprecedented event has not only accelerated the growth of freelancing but also highlighted its resilience in the face of economic uncertainty.

One year later, in 2021, “The Great Resignation” began as unprecedented numbers of people turned their backs on traditional jobs to find better opportunities, more money, more flexibility, and a greater sense of purpose in their work. The pandemic demonstrated the numerous benefits of a remote workforce, and now more than ever, companies are likely to hire freelance…

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