Finance

Why today’s IT Engineers Use Gig Economy as Side Hustle

Let us face it; life is hard as it Adds Crazy is. We have to pay every month as bills, the cost of basic goods such as food, the cost of housing, and the inflation that is on the rise, just to mention but a few. The irony is if you are lucky to have a day job, your salary increase rate is nowhere near the rate at which these bills are accumulating. You find yourself using all of your salaries, paying recurring bills, and leaving little for saving. If your credit rating is good, you live off your credit loan to add salt to injury. This is the average life of an average American. If you have special skills, you are in luck because you can use your skills to work in the gig economy. Today you find most IT engineers having a day job and at the same time having a side hustle as freelancers to earn just a few more bucks to supplement their never growing salary.

IT Engineers

So why the side hustle

According to statistics released by the Labor Department, the current rate of inflation in the US stands at 1.7%. That means the cost of goods has gone up by 1.7% over the last 12 months. The irony is the salary never increased by an inch. Most IT engineers have decided to flock to the gig economy to supplement their salaries. As freelancers in the technology industry, they can negotiate for better rates, and they end up making more in their side hustle than they make in their day jobs.

Market saturation

The engineering industry has become very competitive; more so, there is a cluster of employees who have been holding the same positions for more than thirty years hence not giving space to a crop of fresh talent. Growing up, your parents must have recited the unwritten post-secondary promise, go to school, get good grades then get a stable job. To your amazement, you finish school, get a degree in IT engineering, send your resume to over 250 telecommunication companies, get three interviews and no job offer. Within three years of searching, you will settle for any job that comes your way. That explains why 12% of US engineers are underemployed. At that time, you come across innovative platforms such as Field Engineer that offer you gigs that actually match your skills. It also connects you with potential clients from all over the world. You work there as a side hustle before realizing that it actually pays better than your underemployed job.

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Liberation

Most Engineers working in day jobs find themselves working on projects that do little to provoke thought. Due to bureaucracy, traditional employment does not allow room for innovation. If anything, it just suppressed it. As a young engineering graduate, when you realize that your current employment limits your freedom to innovate, you start to look for avenues that give you the freedom to create; freelancing then becomes your next stop, and you start working as a side hustle. Most technical engineers have reported feeling liberated working in the freelancing side hustles.

About author

I work for WideInfo and I love writing on my blog every day with huge new information to help my readers. Fashion is my hobby and eating food is my life. Social Media is my blood to connect my family and friends.
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