Self-Employment Is On the Rise [Chart of the Week]

Each Saturday, #we publish our Chart of the Week. It presents interesting trends and data, usually related to the U.S. labor market.

Entrepreneurs and solopreneurs are a special breed of #CareerGravity practitioners. There are two main reasons for this. First, their online presence is usually critical to their ability to acquire and keep customers. Second, they are always cash-strapped and so Internet marketing is a very attractive option due to its lower cost per lead than traditional outbound marketing tactics.

This week’s chart comes from the Business Insider article People Are Beginning To Realize Self-Employment Isn’t All It’s Cracked Up To Be. They cite the fact that while total self-employment is increasing, unfortunately the pay isn’t. The article notes that although freelancing, contracting and consulting are the exact opposite of being identified with one company,

It is also usually the polar opposite in terms of pay and benefits. People who strike out on their own not only make less money than when they were gainfully employed, they often skimp on paying into their retirement accounts or skip buying health insurance. Vacations and holidays become luxuries that few can afford.

So let’s hear from all of you freelancers and consultants out there. Are you making less? Is it still worth it to you?

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