Self Employed Workforce Gains Momentum

thumbnail Self Employed Workforce Gains Momentum

Self Employed Workforce Gains Momentum MBO estimates that the independent workforce stands at 16 million in the United States No Title 60 percent of contractors say they’re highly satisfied with their work situation, compared to half of employees who are unhappy with their work. No Title 55 percent of independent workers say they made a […]

Sep 6, 2011
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1Self Employed Workforce Gains Momentum

MBO estimates that the independent workforce stands at 16 million in the United States

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60 percent of contractors say they’re highly satisfied with their work situation, compared to half of employees who are unhappy with their work.

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55 percent of independent workers say they made a proactive choice to go that route.

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63 percent say they will continue to work independently.

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14 percent of those 21 and older who are working full-time now said they are likely to be independent in the next two years.

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Among those, six in ten have taken action to make it happen and one third have conducted research to get the ball rolling.

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Among independent workers, 47 percent are male and 53 percent are female

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Millennials make up 12 percent of the independent workforce

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GenXers make up the majority of independent workers at 49 percent of the total pool

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Meanwhile, Baby Boomers make up 30 percent of the independent workforce

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On average, contractors are generally between 30 to 49 years old.

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Half of the independent workforce has a college degree

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The average wage of independent workers is about $52,600 per year

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Three quarters of independents overall stated that doing something they love is more important than making money

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47 percent of contractors say they work independently in order to achieve a greater work-life balance, while 36 percent said they do it to earn more money

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