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The Gig Economy Workforce Will Double In Four Years (recode.net)
The number of workers in the so-called gig economy will grow substantially in the coming years, according to a study by Intuit and Emergent Research. By 2021, the study finds, 9.2 million people are going to be working the frontline jobs at companies like Uber and Lyft. That number is projected to be 4.8 million this year. From a report: The rise in on-demand workers has been fueled largely by startups like Uber, TaskRabbit and Airbnb. It has also helped companies like Intuit, which makes tax software QuickBooks and TurboTax. The company's stock surged to an all-time high yesterday thanks to the gig economy. For context, there are currently more gig workers than people employed in the entire information sector (which includes publishing, telecommunication and data processing jobs) and IT services combined, according to data from the Bureau of Labor Statistics. Also read: A recent piece on The New Yorker which talks about the lengths to which people are willing to go to survive in such jobs -- a horrifying culture that is often celebrated in those companies.
It will continue to rise steadily until all of a sudden, overnight, automated vehicles are approved and it crashes virtually overnight. People going into this sure as hell better have a backup plan.
My point is that it is difficult to start a company (and therefore be an owner) and make more money then you could make as a worker. It is not nearly as easy as stated here. For everyone who starts a side company and succeeds, there are 100 that fail, and so it is not simply as easy as telling someone to own their company.
Laws are rules for the court, but merely a bottom bar to hit for life. Think beyond laws in your actions always.
Yes and in the mean time you are spending your time on useless endeavors instead of spending time with your kids growing up. I am one of those working on a side business. It works for me, but only just, and I wouldn't recommend it for everyone. It becomes very difficult to balance family life.
Laws are rules for the court, but merely a bottom bar to hit for life. Think beyond laws in your actions always.