An curious aspect of the unemployment data of late is that even though unemployment rates seem to have stabilized, and even dropped a bit this past month, we keep losing jobs. One of the reasons for the discrepancy is that a large number of people are no longer looking for payroll-based jobs, but becoming consultants and freelancers.
Even during the boom time a few years ago 20 of the 25 million small businesses in American were actually people who were self-employed -- also labeled as small businesses with no employees.
This restructuring from traditional employment to entrepreneurial freelancers and self-employed is accelerating the longer this recession continues. We soon may be hearing the cry, "We are all small businesses now!"
Andy Tabar sent along a short video from CNNMoney of the boom of self-employed and freelancers and how the market is accommodating them.
Even during the boom time a few years ago 20 of the 25 million small businesses in American were actually people who were self-employed -- also labeled as small businesses with no employees.
This restructuring from traditional employment to entrepreneurial freelancers and self-employed is accelerating the longer this recession continues. We soon may be hearing the cry, "We are all small businesses now!"
Andy Tabar sent along a short video from CNNMoney of the boom of self-employed and freelancers and how the market is accommodating them.
When recession strikes, the smartest way to keep up with it is to run your own small business. A lot of people have succeeded in offering freelance services or blogging after losing their previous jobs.
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People have become their own business (small of 1). I think you are right and that we are in a major shift in the economy.
I even read a study recently that a huge number of people will be making the change and independent consultants (self-employed. I also think companies are not going be hiring workings but these independent consultant to do specific jobs for them.