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Use of Contract Labor by Sole Proprietors Surging

Small Business Labs

This data covers business receipts, deductions, and net income reported by individual taxpayers on Schedule C of Form 1040.   As the chart below shows, sole proprietor contract labor expenses increased 38% between 2010 and 2013.    Over the same period salary and wage expense increased only 10.7%.

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Will This Tough Job Market Change Generation Y?

On The Job

With their technology skills and great social networking abilities, GenY ( born roughly between 1980-2003) previously have found employers willing to meet their expectations. Today, more than 50 percent of candidates say they will take the salary offered. They want you ready-formed with skills you can use day one.

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