#75: Layoff Time, Rate Hike, Airbnb Shows Remote Work Is The Way, Why's The Freelance Economy Happening Slower Than What We Thought?

Do you have a diversified Human Cloud portfolio? With inflation, layoffs, and the inevitable recession, it's never been more important to have opportunities within an arms reach.

🚨 WHO WANTS A FREE COPY OF OFFICE OPTIONAL (instructions below)?

We were super fortunate to have Larry on the pod this week. What he uncovered was how transformational remote work can be. BUT, and here’s the massive but…if done in a balanced way, net of any magic tools. Larry and his team at Centric Consulting have been for doing for 20+ years.

Because we love his book so much, first 5 that reply with your favorite animal will get it free on us :)

---

🤔 Why’s The Freelance Economy Moving Slower Than We Thought?

Larry raised this on the pod, and it’s a common question I get, especially since studies come out every 2-3 years saying things like ‘over half the workforce will be freelancers by 2027’ or 60% of C-Suite executives expect freelancers to replace full time employees

The reality is a lot less sexy, yet a lot more promising, as our once little space has grown 20-30% annually for the past 10 years.

I see 3 major reasons it’s moving slower than expected.

1. We’re not Uber.

2. We’ll probably never be a winner takes all or oligopoly market.

3. Freelancing in itself is an ever changing definition.

Stay tuned for next week’s deep dive into this!

---

Important Updates

Have questions? Upgrade and we’ll respond within 48 hours.

💩 Layoff Time, it’s not just you, in the words of Shaan Puri, “startups that were trying to blitzscale the past 2 years will be making deep cuts” 👇👇👇

• WTBFD: A core pillar to a Human Cloud Career is diversification in opportunities, geographies, and income streams.

💩 Inflation

• Fed raises rate by 0.5%, highest hike in more than two decades.

  • WTBFD: Brace for recession.

• Hourly wages increased by .3% in April.

🤔 Labor Shortage

• April adds 428,000 jobs, but 363,000 also left the workforce. According to Bloomberg: “The extreme competition for workers has driven up wages at a rapid pace in recent months, and the drop in participation suggests employers will have to do even more to lure workers back”.

👻 New employee ghosting…yep it’s a thing

• Southwest Airlines said 15-20% of new hires are MIA on their first day.

• Allied Universal puts the number at 18%.

💻 Remote Work

• Airbnb sees success in their work from anywhere change.

Chris Herd @chris_herd

Airbnb’s career page was visited 800,000 times after it announced their teams can work from anywhere forever This is what workers want The most remote and flexible companies will crush office-first companies by stealing all their most talented people

💩 4 Day Workweek

• California shelves their four-day workweek initiative.

---

🎉 We Are Rosie Kicks Off 2022 Rosie Report Survey

Want your voice to be heard in the freelance marketing space? Take the We Are Rosie Work Experience Survey.

• They're also giving away five $100 gift cards - go get that 🍞

2021’s report unveiled some crucial insights:

• 63% of marketers are planning a job change

• only 37% of freelancers feel the org they’re working for is prepared for remote/flexible work

• 33% of independent workers never going back to FTE

---

Want More?

Paid members access your portal below to find:

• Full transcripts from each leader

• Leadership decks to copy/paste from

• Monthly 1:1 advisement with either Matt (or an expert in our network)

Don’t feel like paying? Start the free trial, download the templates, then cancel. As a freelancer that’s what we do with most of these freelancer productivity solutions anyway lol