The Phaserl


The Rise of The 1099 Economy: More Americans Are Becoming Their Own Bosses

from Forbes:

While the economy has been miserable for small business, and many larger ones as well, the ranks of the self-employed have been growing. According to research by Economic Modeling Specialists International, the number of people who primarily work on their own has swelled by 1.3 million since 2001 to 10.6 million, a 14% increase.

This rise is partially reflective of hard times, and many of the self-employed earn only modest livings in fields such as childcare and construction. However the shift to self-employment is likely to accelerate in the future, and into higher-paying professions, for reasons including the ubiquity of the Internet, which makes it easier for some types of business to use independent contractors, as well as the reluctance of large firms to hire full-time employees with benefits.

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1 comment to The Rise of The 1099 Economy: More Americans Are Becoming Their Own Bosses

  • Don

    Forbes article huh. They are probably using the same Birth Death model used by the BLS to falsify the Employment numbers. Using one false Data pont to make another shows how ridiculous the system has become.

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