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Workforce
McKinsey Global Institute, 2024
High Earners Are the Fastest Growing Segment of Side Business Owners
KEY FINDING
Professionals earning over $75K annually now represent the largest growth segment in independent work.
WHAT THIS MEANS FOR SIDE BUILDERS
The side business story used to be about making ends meet. The data now tells a different story. Educated, experienced professionals are building independent income streams not out of financial desperation but out of strategic intent — diversifying income, testing ideas, and building assets outside their employer. This shift has significant implications for what products, tools, and resources these builders actually need.
ORIGINAL SOURCE
McKinsey Global Institute, The Rise of the Human-AI Workforce
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