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Fortune
Fortune
Chloe Berger

The gig economy has been steadily booming over the last decade. Millennials and Gen Zers helped it reach new heights in 2023

(Credit: Morsa Images—Getty Images)

It’s that time of the year where the sun sets at an ungodly hour, workers are checked out until January, and people post “in” and "out " lists to set the tone of the new year. What’s increasingly “in” for the workforce: freelancing. What’s “out:” sticking to the formulaic career trajectory and having to grin and bear it at your 9-to-5.

So finds Upwork Research Institute’s latest study of 3,000 professionals, which revealed that 64 million Americans freelanced this year—4 million more than last year and an all-time high since Upwork began looking at such data nearly a decade ago. That comprises 38% of America's workforce and contributes $1.27 trillion in annual earnings to the economy, it finds. 

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