If you haven’t recognized that work is quickly shifting toward free agency and away from longer term employment, you really must understand what is happening to the nature of work if you hope to perform it and make any money going forward. Depending upon whom you read, the last several decades have seen an accelerating shift to an information, knowledge or creative age. However you choose to term it, they all mean the same thing: humans are moving toward ever-higher value work and away from more rote, assembly, industrial or lower value effort.
The difference now is that the internet and our tools (e.g., mobile devices, Wifi, collaborative web and app tools, etc.) has made it easier than ever before for us to work when, where and for whom we want.
The concept of free agency came from professional sports (via Wikipedia): In professional sports, a free agent is a player who is eligible to sign with any club or franchise, i.e. not under contract to any specific team. The term is also used in reference to a player who is under contract at present, but who is allowed to solicit contract offers from other teams. In some circumstances, the free agent’s options are limited by league rules.
That free agency concept was built upon by the author Daniel Pink (a guy whose books I embrace) but with a twist: sports free agency means a player can consider offers from other teams while the business concept means that one is essentially doing work for multiple companies, organizations or individuals.
The term free agent for business is believed to have been coined by Pink, author of a 1997 cover story in Fast Company titled “Free Agent Nation” and his subsequent book by the same name. From a Wikipedia article on business free agency: In business, a free agent refers to someone who works independently for oneself, rather than for a single employer.These include self-employed workers, freelancers, independent contractors and temporary workers, who altogether represent about 44 percent of the U.S. labor force.
Besides the internet, there are other influences catalyzing the shift to a new, free agency age. For instance, the Affordable Care Act (i.e., “Obamacare”) is being looked at by many in the venture capital community and elsewhere as potentially one of the biggest catalysts to entrepreneurship ever (see Obamacare & the Coming Entrepreneurship Boom and Affordable Care Act Could Be Good for Entrepreneurship). The latter article points to this report (PDF) that says the number of self-employed people is expected to rise by 1.5 million as a direct result of the health care overhaul. Good news to anyone who is still stunned by the lack of hiring going on in the U.S. even today.
You might already be participating right now as a free agent. Many of my colleagues and peers are and they vary in age from 28 to 64. You may also be thinking right now, “OK Borsch…I get it that work is transforming and that I should be doing something about it. But what exactly?“
Thought you’d never ask. [Read more…]