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3 Ways Online Education Is Thriving In the Gig Economy

The Gig Economy is a term that emerged during the 2009 financial crisis to describe the way unemployed professionals used to string together part-time jobs to make a living during a time of extreme financial instability. In the modern time, the Gig Economy is mainly related to the way many millennial’s choose to make a living by working as freelancers, away from the nine to five grind.

An expanding number of U.S. employers are resorting to this business model to get things done. At the meantime, 20-30% of the US workforce is made up of freelance workers and specialists working on non-contractual terms.

College education has always been considered the surest way to professional achievement. For many people working in the Gig Economy, getting a more specialized college degree is not an option: it’s costly, it doesn’t fit with their calendar, and the content is usually not up to the latest market demands. Online education supplements what the traditional educational system is lacking, making it the favored option for many people in the current economy.

A Flexible Learning Experience

Completing a full-time degree that requires you to quit your job and dedicate all of your time to your studies is not a viable option to most working professionals. In addition to delaying their career, leaving their job will add the cost of the time they are not working to the overall cost of the degree, making the cost unbearable for many. Online learning solves this problem by being flexible in terms of study duration and the location of students. Working professionals are given the option of keeping their jobs pursuing their degree anywhere on earth with a pace that fits their busy schedules. In addition to working at their own pace, students can plan their study time around their schedule, not the other way around. If someone is most energized in the morning, he can choose that time to study, but if they are most energized at night they can study then instead. The flexibility provided by online education is not just in setting a suitable schedule and keeping your day job, it also allows for combining courses that would be impossible to achieve via traditional methods. If an American university and a Japanese university each offer a course that is considered the best among its peers, you can simply take both courses without leaving your home. Taking into consideration the nature of work in the present Gig Economy, online education really has a strong edge over other traditional methods.   

A Cost Efficient Option

Cost is a major setback for people looking to get an education or upgrade their existing qualifications. Due to lower costs, online education is considered a good subsidiary to traditional universities. Despite the fact that not every single online degree has more affordable net educational cost than conventional universities, related expenses are quite often more affordable. For instance, there are no driving expenses, and once in a while there are likewise no required course materials, for example, reading material in light of the fact that those are regularly accessible for free on the internet. Moreover, numerous schools and colleges have started to acknowledge credits earned by massive, open online course (MOOCs), the latest advancement in online training. Many people can take advantage of many free online courses to satisfy general training necessities at almost no cost. With so many costs removed from the equation, online education is a much more cost-efficient option for people looking to upgrade their qualifications or get new ones.

A More Specialized, Industry-Relevant Training

Let’s face it – the curriculum of many college courses are oversaturated with courses that are a complete waste of time. The actual, required skill set for a job market usually varies greatly from what is offered in those formal degrees. Students spend lots of money and dedicate so much time and effort to completing those courses only to graduate and find out that what they have learnt has become obsolete. This is particularly true in industries such as the tech industry. In the tech industry, things move at amazing speeds, including the relevant skill sets. The current economy requires a more specialized skill set. Online education allows the students to acquire this with relative ease.

Aside from upgrading skills for people who are currently in an industry, being specialized allows people to shift careers and break into industries more quickly. Instead of taking a four year degree full of courses that they will never use, people can take a specialized course in a few months that teaches them what they actually need in order to land a job in a particular industry. The ability to pick specific courses matches the specialized nature of the Gig Economy, making it the preferred educational method of the foreseeable future.

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