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The Long Term Shift to Contract Labor by Small Businesses

Small Business Labs

billion in 2010. Over the period from 2010 to 2018, contract labor spend by sole proprietors increased by an annual growth rate of 9.1%. billion in 2010 to $97.9 the spending on traditional employee salaries and wages from 2010 to 2018. the spending on traditional employee salaries and wages from 2010 to 2018.

2018 214
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Use of Contract Labor by Small Businesses Continues to Grow

Small Business Labs

billion in 2010.   This is an increase of 65% between 2010 and 2016.    Way back in 2003, contract labor was only about 20% of the labor costs of sole proprietors. By 2010 it has risen to 31%. .  As the chart below shows, U.S. sole proprietors spent about $56.8 in 2016, up from $34.4

2003 183
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The Number of Nonemployer Businesses Continued to Grow in 2016

Small Business Labs

 Since 2003, for example, the number of nonemployer businesses has increased by about 5.7 million in 2010 to about 2.8 Receipts increased 1.5 percent from $1.15 trillion in 2015 to $1.17 trillion in 2016. This continues a pattern of about 2% growth per year in the number of nonemployer businesses over the past couple of decades. Since

2016 193
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Episode 488: Stephanie Chandler Talks About Non-Fiction Publishing And Community Building

Productivityist

Stephanie, an acclaimed author of “The Nonfiction Book Publishing Plan,” is the force behind the Nonfiction Authors Association and the unique Nonfiction Writers Conference – an online event that’s been changing the game since 2010.

2003 79
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Once Upon a Time in Marketing: The Power of Storytelling

Success

In 2003, with just $350, Perry invented Sinus Buster, which he says was the first hot-pepper nasal spray intended as a headache reliever. The good news is that the bad news has been an enormous boost to his current company, Greensations, which he launched in 2010. The company currently has over 1,000 franchises in 48 states.

2003 280
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Use of Contract Labor by Sole Proprietors Surging

Small Business Labs

.  As the chart below shows, sole proprietor contract labor expenses increased 38% between 2010 and 2013.  In 2013 contract labor was 36% of total labor costs, up from 31% in 2010 and just 20% in 2003.    Over the same period salary and wage expense increased only 10.7%.

2013 100
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$1 Million Ain't What it Used to Be - You Need More Than $5 Million to be a 1%er

Small Business Labs

  Although the numbers fell quite a bit during the recession, they've recovered nicely and have more than doubled since 2003.   The Penta article also has an interesting chart (below) showing the growth in numbers of really wealthy people from 2010 to 2015. .  While 1 million families is a lot, the U.S.

2003 100