Is starting in freelance in IT still a good idea?

Title,

I'm a Data engineer, I've got nearly 7 years of experience with SQL, power BI, data warehousing using kimbal, and have dabbled with cloud migration, azure, data factory and databricks.

I know there is currently still a lot of demand for data Engineers, and I'm considering switching jobs in the coming months.

This of course brings the question, to freelance or not to freelance.

Pro's and con's obviously, but my main concerns are oversaturated market/low rates that come with it and the inevitably AI bubble that can't last. (Which can mean layoffs and the first to go are always consultants/freelancers)

Hence the post, while I don't think Data Engineers are threatened too much by AI (yet), the market seems a bit volatile at the moment.