American workers are increasingly embracing the freelancing lifestyle at a time when increased competition around the world threatens to depress wages in the U.S.

Americans are drawn to freelancing — being an independent contractor and other types of non-full-time-with-benefits employment — and the idea of being their own boss and having more control over their work. But it is a progressively more cutthroat field where the competition lives thousands of miles away and gets paid cents on the dollar.

An estimated 57.3 million Americans freelance, according to a recent study from freelancing platform Upwork and the Freelancers Union. That figure represents more than a third of the country’s workforce — and an increase from 53 million people from just three years ago. And this number is expected to rise. By 2027, 86.5 million Americans will freelance, representing more than half of the country’s workforce. Read more…

Source: Market Watch Article: White-collar workers should now be concerned about outsourcing overseas too

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White-collar workers should now be concerned about outsourcing overseas too