Every fortnight I curate some of the observations and insights that were shared on social media. I call these Friday’s Finds [due to my travel and work schedule in South Africa this week, I am a day late].
“Money is the wealthy person’s curtain which hides all their defects from the world.” – Anon – via @RogerFrancis1
Project Syndicate: Germany is not Volkswagen
The most important factor behind Germany’s success is that the structure of its firms improves the quality of their products. German exporters are organized in a way that is less hierarchical and more decentralized than other European firms. This gives them several advantages. Decentralization enables employees at lower levels of the corporate hierarchy to devise and implement new ideas. As these employees are often closer to customers than those higher up, their collective knowledge about what the market is demanding is an important source of value.
Freelancers are a growing workforce. There are now almost 54 million Americans freelancing, an increase of 700,000 over last year. That’s more than a third of the American workforce. Millennials, as I’ve argued before, are native freelancers, and it shows: They are freelancing at a higher rate than any other group.
Independent workers are freelancing by choice. Survey respondents told us that they’re freelancing because of the flexibility, freedom, and balance that it offers. In our survey, 60% of respondents said they started freelancing more by choice than by necessity, compared to last year’s figure of 53%.
Critically, half of freelancers we talked to said that they wouldn’t take a traditional job, no matter how much it paid. And because being a freelancer lets you work from anywhere, a third of freelancers say they have been able to move because of the flexibility their career provides.