Freelance job rush means everyone could get paid less in US

Freelance job rush means everyone could get paid less in US
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New York: With millions of Americans unemployed, and full-time positions scarce, there’s a massive rush to freelancer sites – one that could result in everyone getting paid less.

Since June, more than 24,000 people – two-thirds of them Americans – got on the waiting list to join Braintrust, which offers contract projects from the likes of Nestle SA and Nike Inc. On Freelancer.com, user sign-ups from the US rose by more than 30 per cent between February and July, year over year. On Upwork Inc., client and freelancer registrations have jumped 50 per cent since mid-March, when the pandemic hit.

“It has ramped up very rapidly,” said Adam Jackson, who runs the Braintrust network. “We are seeing people who got laid off from Airbnb recently join Microsoft. It’s being driven a lot by layoffs.”

A free for all

Because of this influx of users, rates that freelancers charge may be starting to slip, at least on some sites. On Freelancer.com, used by 46 million people, pay for an average job has dropped by about 20 per cent in the past six months – partly the result of more people competing for the available projects, according to the company.

Source: Gulf News

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