Since then revenue and profits have soared for LinkedIn.
One of the shortcomings of the LinkedIn network is that it is built primarily under the 3rd industrial revolution model of hiring full-time employees. The market has seen a major shift to freelancers in recent years, or as Upwork puts it, “labor is undergoing a revolution.”
The World Economic Forum has stated that the economy is experiencing the fourth industrial revolution, transforming how and where work gets done. Work is increasingly no longer constrained by location due to advances in technology.
In the fourth industrial revolution, instead of the worker moving to the workplace, we are seeing that work is moving to the worker—collaboration is less constrained than ever before by physical proximity and geographic borders, particularly for highly-skilled professionals.
LinkedIn’s model is built on the 3rd industrial revolution, where you post jobs and then relocate workers to you corporate headquarters. Prior to smart phones, SalesForce, Skype, and the plethora of other high-speed internet enabled technology, it was imperative for teams to collaborate in person, at the office.
