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.
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.
Want to understand the nature of a start-up, then understand the pebble dropper who brought the idea. See Save Pebble Droppers & Prosperity on Amazon or claysamerica.com.
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.
In times of recession, the only way individuals to actually move on and keep up with life is to actually start up their own businesses just to survive these horrible times. But then no matter how small your businesses maybe if you keep on striving to improve it. There will come a time that it will eventually become big that will contribute to the financial economy.