AS of this writing, there are reportedly 1.57 billion freelancers worldwide, constituting 47 percent of the global workforce. This figure surged significantly during the pandemic and is projected to continue growing as Western countries seek cost-effective labor alternatives, often outsourcing to countries with lower wage structures.
The term "freelancing" dates back to the 19th century, originally referring to medieval mercenaries, but has later on evolved to signify any project-based engagement undertaken by professionals in general. In our modern times, freelancing connotes lucrative service fees and freedom accorded by working anywhere.
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