Differing industries are often experience these cyclical inversions at different rates. At the moment there has been a trend in industrial power away from single huge projects and more towards managed services models, and I suspect a lot of that is down to accountants finding fun new ways to capitalize the costs.
As someone who helped launched such a service, it's nice for me because the revenue is reliable, but I suspect both our services and contractor rates are much, much higher than what this is looking at.
It's possibly more in line with the "small art design" markets in which you can hire a graphic designer or musician or whatever out of the global south that is doing solid work for a fraction of what a more developed country agency would charge. Which is great for everyone except the existing freelancers in said developed countries.
As someone who helped launched such a service, it's nice for me because the revenue is reliable, but I suspect both our services and contractor rates are much, much higher than what this is looking at.
It's possibly more in line with the "small art design" markets in which you can hire a graphic designer or musician or whatever out of the global south that is doing solid work for a fraction of what a more developed country agency would charge. Which is great for everyone except the existing freelancers in said developed countries.