Matt Britton explains why young workers are ditching corporate jobs for freelancing. Fortune 500 companies now last less than 10 years on average, down from 50 in the 1960s. Workers with specific skills like coding or SEO can earn well independently and prefer being their own boss.
Questions this video answers
Less than 10 years old.
50 years old.
Now, the reality is the average age of a company on the Fortune 500 is less than 10 years old. And in the 1960s, it was 50 years old. Companies used to be around for a lot longer, but there's so much disruption that nothing is sacred and nothing is guaranteed anymore. Companies are downsizing. They're looking in the freelancers. And because of that, individuals know that maybe they shouldn't be looking for a job, but a series of gigs. So. So we're entering something called the gig economy. What that means is if you have a marketable skill set, like you're a Ruby on Rails coder, or a YouTube search engine optimizer, or a humor writer, right, Something that people actually really need, you can put up your services, and if you're smart about it, you can make an enviable income, have the freedom and flexibility that you actually need. And this freelancer economy is for real. And more and more young people are saying, I don't want to go work for a big company where they don't care about me. They can lay me off at any time. I. I want to be the CEO of me.