Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: The Wizard

shelter folk picking up cans to buy a drink, squeegemen, unemployed anybodies who would rather call themselves "consultants" than admit they are out of work; the 10 yr old running the lemonade stand in her front yard, the "sub-contractor" cultist selling flowers at the airport.
etc.

That's the problem. the household survey is self styled and self identifying. the payroll survey means someone else has hired you and is withholding taxes on your behalf to pay the govt. It's the gold standard.




20 posted on 08/07/2004 4:21:39 PM PDT by CAPTAIN PHOTON
[ Post Reply | Private Reply | To 9 | View Replies ]


To: CAPTAIN PHOTON; The Wizard
shelter folk picking up cans to buy a drink, squeegemen, unemployed anybodies who would rather call themselves "consultants" than admit they are out of work; the 10 yr old running the lemonade stand in her front yard, the "sub-contractor" cultist selling flowers at the airport. etc.

Those who are employed rather than self-employed dont seem to realize that hanging up a shingle and "being in business" doesnt mean that you have any positive cash flow. It typically takes months to get your first client and then at least a month if not longer to get paid after you've finished your assignment. From the moment you start looking for that first client, complete the project, and get paid is likely four to five months if there is a demand for what you have to offer, longer if demand is weak or non-existent. In essence during those early months when you are listed as a new employee by the Household Survey, you probably bear more similarity to someone unemployed because you are both living off your savings or credit cards.

An increase in the number of self employed is probably a good thing long term, however, it is foolish to think that newly self employed are providing much benefit to the economy which is the point of seeing an increase in jobs.

25 posted on 08/07/2004 4:33:32 PM PDT by Dave S
[ Post Reply | Private Reply | To 20 | View Replies ]

To: CAPTAIN PHOTON

don't be foolish......jobs mean jobs not squeegemen


40 posted on 08/07/2004 6:56:24 PM PDT by The Wizard (DemonRATS: enemies of America)
[ Post Reply | Private Reply | To 20 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson