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The term freelancing came into existence from Walter Scott's Ivanhoe describing a medieval mercenary warrior or free-lance. It connotes that the lance is neither avowed to any lord, nor it's available free of cost.

Women's involvement in the workforce has revolutionized the US economy.

The air seems to be coming out of the Web 2.0 bubble, squeezed by the economic downturn and the absence of many solid short-term business plans. Dire market conditions have forced virtually all social-networking firms to scale back. In October, the third most popular social-networking site, Hi5, announced that it would cut between 10 and 15 percent of its staff. And in November, the business-focused networking sites LinkedIn and Jive said that they would slash their workforces by 10 and 40 percent, respectively.

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Even more layoffs at MySpace, this time up to 30% of the total workforce.