No. of Recommendations: 4
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.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.