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Author: Gingko100 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 459902  
Subject: Re: The Payroll-to-Population Percent Date: 10/8/2012 10:24 AM
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It sounds more sensible and clear to me that what is reported now.

My basic problem with all the employment numbers (as I alluded to on another thread recently), is that it ignores those who aren't on payroll but are working, and these people can be working a lot. A sole proprietor who isn't an S-Corp can be contributing quite a lot to the economy, but doesn't show up anywhere - UNLESS they hire people as direct employees (and not contractors). Even then, their own contribution to their business is essentially ignored as far as this reporting is concerned. Unless - as I did last year - they convert to an S-Corp and pay themselves payroll.

As we move more and more to a contractor-based model, the payroll numbers will be less and less relevant. There are too may people working as 1099's, not W2's.
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