As employers are looking to shed in-house staff they are replacing them with contract workers, who don't receive benefits and can do a variety of jobs including Web development, marketing, blogging, writing, and translation at home or in any case, off-site. As a result, many people who were unable to land permanent jobs have established themselves as freelancers instead. Larry takes a look at the growth of free-lancing in the labor market and how this affects the world of work.

Guest:

Brian Goler, vice president of marketing, ODesk, a Menlo Park-based company that helps companies hire, manage and pay online freelancers