News that Holden will close operations in Australia from 2017 is just the latest sign of a dramatic transformation in Australia’s labour market. With 40% of US workers predicted to be freelancers by 2020 and a 45% increase in the number of freelancers working in the European Union since 2004, many more Australians may be forced to re-conceptualise job security and join the swelling ranks of freelancers.

Tui McKeown, a senior lecturer in management at Monash University, believes we're witnessing a fundamental change in our workforce construct. "The move from blue- to increasingly white-collar occupations was led by the IT surge in the 1980s, but many other professionals are now seeing freelancing increasingly as the norm," she told Crikey.