Small Business Labs

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Study: Self-Employed Have Higher Lifetime Earnings Than Salary Workers

Small Business Labs

Key quote: Manso finds that entrepreneurs experience only slightly higher lifetime earnings variance -- that is, risk -- than people who go the salaried route. Key quote from the academic study: self-employed workers experiment with new ideas when they leave the salaried workforce to become self-employed.

Salary 100
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Tech Jobs Moving to the Midwest

Small Business Labs

The New York Times article  Hot Spot for Tech Outsourcing: The United States looks at the outsourcing of software development tasks to lower cost U.S. cities are more expensive than outsourcing overseas, rising salaries and costs overseas is making outsourcing there less of a bargain. cities, mostly in the Midwest.

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Trading Income for Flexibility

Small Business Labs

 Often, those benefits are being provided in lieu of higher salaries.  The key article quote comes from a 25 year old project manager who got extra time off instead of a raise: “Would I like to make more? I'm always fascinated by articles that say it's only millennials who prize work flexibility.

Salary 100
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Schedule Control and the Independent Worker

Small Business Labs

  The National Journal article How Airbnb and Uber are Changing the Nature of Work  explores one aspect of this - schedule control. Nearly half of the respondents in the Mom Corps survey (45 percent) said they would even be willing to relinquish some of their salaries for more flexibility.

Salary 100
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Farmshoring Knowledge Work

Small Business Labs

  The New York Times has two articles on major law firms hiring associates in smaller cities.  Cost The salaries for new, partner-track legal associates skyrocketed in the decade preceding the Great Recession.  Call centers are a popular example of this trend. 

Legal 100
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The Good and Bad of Freelancing

Small Business Labs

Only a few articles point out that freelancing has a good side, a bad side and many shades of grey between the good and the bad.   The article does this by breaking the word freelancer into two parts - "free" (the good) and "lance" (the bad). There are no set salaries, no limits on how to direct one's efforts.

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Improving the Job Market With Big Data

Small Business Labs

Interesting article from John Horton at oDesk  on the Digitization of the Supply Side of the Labor Market. job posts have detailed descriptions about the nature of the work, skills required, location and approximate salary, but the job seekers—the sellers—generally do not create profiles that describe themselves."