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BY MICHAEL GROTHAUS.

People who work in IT, software development, and advertising appear to be the most anxious.

Mass layoffs in the tech industry have made headlines nearly every week since late 2022. Combine that constant barrage with the rise of AI and uncertainty over the global economy and you have the perfect recipe for increasing anxiety across the American workforce when it comes to fears about job security.

Now a new survey out from online marketing firm Authority Hacker put some concrete numbers on just how many of the currently employed are worried about their job security in the years ahead. In a survey of 1,200 workers, Authority Hacker found that:

  • 54.58% of full-time workers have increased concerns about their job security.
  • Men (62.87%) are more likely than women (47.53%) to fear for their job security, which Authority Hacker says may reflect the 3:1 gender ratio of male to female employees in tech firms.
  • The more a person makes, the more likely they are to worry about their job security. Those making $150,000 or more worry the most about their job security (72.48%), while those making $50,000 or less worry the least (50.26%).
  • The younger an employee, the more likely they are to worry about their job security, with 62.2% of 25 to 44 year-olds worried versus less than 50% of those over the age of 45 worried.
  • C-suite execs are the most worried about their job security at 79.31%.
  • But just 46.82% and 45.80% of non management staff and admin staff, respectively, are worried about their job security.

The larger the company is, the more likely employees are to worry about their job security. Authority Hacker found that 74.33% of those at companies that employ between 500 and 1,000 workers worry about their job security, while only 45.38% of workers at companies with 25 or fewer employees worry about their job security.

And when it comes to concerns by profession, workers most likely to fear for their jobs happen to be those whose industries are most at risk of being impacted by AI. Those professions are:

  1. IT – Services & Data: 89.66%
  2. Software development: 74.42%
  3. Advertising: 70.00%
  4. Finance and Insurance: 67.56%
  5. Human Resources: 64.29%

 

To arrive at its findings, Authority Hacker surveyed 1,200 full-time workers in the United States aged 25 and above.

Feature Image Credit: Aziz Acharki/Unsplash, Richard Horvath/Unsplash

BY MICHAEL GROTHAUS

Michael Grothaus is a novelist and author. He has written for Fast Company since 2013, where he’s interviewed some of the tech industry’s most prominent leaders and writes about everything from Apple and artificial intelligence to the effects of technology on individuals and society. Michael’s current tech-focused areas of interest include AI, quantum computing, and the ways tech can improve the quality of life for the elderly and individuals with disabilities More

Sourced from FastCompany

By Luana Cantuarias Edited by: Laura Porecca

In today’s world, job security isn’t what it used to be. That’s where the gig economy comes in—it’s flexible and empowering, and it allows you to make extra cash.

There are many opportunities with income potential if you’re willing to think outside the box. But let’s be honest—juggling a side hustle with your full-time job or main gig is no walk in the park. You need the passion, discipline, and guts to pull it off. It’s not easy, but you can make that extra cash with hard work.

The Rise of the Gig Economy

Man working from home wearing trousers
Image Credit: Shutterstock.

A rapidly growing phenomenon, the gig economy is changing how we think about work. It’s a fresh approach that lets you be your boss, work on your own terms, and sometimes even make money online from your home. And the best part is that there are so many ways to make a side income!

Whether you’re a freelancer, part-timer, or independent contractor, the gig economy allows you to choose the type of work you want to do, when you feel like doing it, and how much you want to earn or if you are looking to make some extra money on the side. This way of working lets you take charge of your career and have a better work–life balance.

Below we’ve listed 30 easy side hustles, or gigs, that can provide you with passive income each month. Read on to find out how to start!

1. Freelancing in the Digital Age

Roman Samborskyi // Shutterstock

Are you creative? The digital realm is a fertile ground for freelancers to earn some extra money online. With skills ranging from writing to coding, the internet is your oyster. Platforms like Upwork and Fiverr are gateways to a world where you can have the perfect side hustle.

By Luana Cantuarias 

Luana Cantuarias is a seasoned finance writer with a wealth of experience spanning over a decade in the dynamic fields of Blockchain, B2B, and SaaS. Her expertise lies in crafting compelling narratives that demystify complex financial concepts and empower readers to navigate the ever-evolving landscape of personal finance and technology.

Edited by: Laura Porecca

Sourced from FWO