Socio-Economic Impact of Freelancing: Evidence From Bangladesh

Abstract

In a third-world acute jobless society like Bangladesh, working-aged youth are continuously seeking for every possible source of employment through which the economic as well as social lives and realities see at least a stable going on. This analytical paper aims to examine freelancing as a device to sustain the socioeconomic actualities of the people in Bangladesh. Along with demographic data, different socioeconomic determinants-related information from 200 freelancers was collected through a structured questionnaire. The chi-square test was applied to the hypotheses to obtain the result. The findings revealed that freelancing as an employment opportunity contributes to increasing income, upgrading living standards, improving the economic stability, alleviating poverty, improving health and nutrition, continuing education, improving the social status and recognition, and having substantial future prospects. It is to publicize the concept more to raise acquaintance and take initiatives to train interested youth, especially women and provide various opportunities in prospective freelancing sources. This study will be helpful to the freelancers as they will have a clear view of the existing promising results and to future researchers also as there are numerous perspectives of the field in developing countries, notably Bangladesh.