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American Workforce to be Majority Self-Employed by 2020

May 22, 2013

Self-EmployedIf you haven’t held a “traditional” job in years and feel like the odd one out, take heart: a study predicts that by 2020, the self-employed will outnumber workers who labor for other people.

My husband and I are ahead of the curve. With the exception of a brief W2 temp job I held at the end of 2011–and being as it was strictly temporary, I don’t consider it a “traditional” job–neither one of us has held a job since 2006. However, we have continuously worked during that time.

Self-employment–regardless of whether you’re doing network marketing–bears little resemblance to working for other people. W2 employees get a check for hours worked on a regular schedule. The self-employed put far more hours into their businesses than they ever get paid for. There is no such thing as making “fast easy money from the comfort of your home, in your pajamas.” The money never comes easy. It takes hard work, and a lot of it. We eat what we kill.

Our economy is quickly moving away from traditional jobs and toward independent workers. Arguably, the best option for most long-term unemployed Americans is self-employment. Many people argue that the biggest barrier to starting a business is money. I disagree. With the advent of the Internet, there are many businesses that can be launched with little or no money. The biggest barrier, I think, is breaking out of the traditional job mindset and teaching yourself to think like an entrepreneur, not an employee.

  1. Reblogged this on tipsoftheentrepreneur and commented:
    Really like this. Especially the “neighbors think” picture. Just because you are in shorts, does not mean you are not working. 🙂

  2. Our local mailman doesn’t seem to like us very much. My husband thinks it’s because he’s convinced we’re both bums, heh. Both of us have run into this mentality; there’s a wide perception among W2 workers that “self-employed” means “unemployed.” As our numbers grow, this bias will diminish.

  3. Teresa, your old old old pal Paulette chiming in here. First, What you said, what you said, what you said. And to that end check one of my many long standing sites that speaks almost to the very hear of what you have posted:

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