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A friend's mother worked in a high-level consulting agency. Her time was billed out at $1000/hour, and she got less than 10% of that. Still a good wage, but she
by vacri 10y ago
A friend's mother worked in a high-level consulting agency. Her time was billed out at $1000/hour, and she got less than 10% of that. Still a good wage, but she wasn't getting the lion's share of the fee.
- WalterBright 10y agoIf she was being temped out for $1000, she could hang out her own shingle and charge $500.
- techdragon 10y agoSometimes the only way to do such "expensive" work requires significant support. Things like their legal protection against liability, mandatory requirements to have X to do Y in a jurisdiction, and other sorts of things can really eat into the revenue of a small business or sole trader.
- karmajunkie 10y agoExactly. The trick to billing $1000/hr is finding someone who'll pay it, and having the connections to get in front of them, and their trust that its $1000/hr well spent, which entails no small amount of theatrics on the part of a corporate shield.
- infinite8s 10y agoI wouldn't characterize 'significant support' as theatrics.
- vacri 10y agoIn addition to what the others have said, it's also more difficult to strike out on your own due to 'having no replacement'. If a corp is reliant on you and you're part of a collective, then something happens to you, the collective will replace you. If you're on your own, a corp will be much more reticent, as the proverbial hit-by-a-bus scenario will leave them high and dry. Disclaimer: this is only how I've had it described to me; I frequent the small end of town :)