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I worked with a guy who freelanced for a while, and he had an interesting observation. When the economy is shit, most large companies outsource a lot of work b
by beckler 8y ago
I worked with a guy who freelanced for a while, and he had an interesting observation.
When the economy is shit, most large companies outsource a lot of work because they can't afford or don't have the workers for the amount of work they have. So if your a freelancer, business can be pretty good.
When the economy is great, those same businesses try to bring all those efforts in-house, so all those contracts dry up.
Not sure how it relates with entrepreneurship, but this guy had to quit freelancing and get a full-time gig (which is how I met him) because no one was handing out the contracts he wanted anymore.
- westbywest 8y agoVaguely similar observation from a previous employer in engineering: job health is effectively a derivative of the general economy. That is, if your job entails design/construction of something new, you job would be stable in an economy under flux, where clients have desire to hire your services. Not strictly just a growing economy, because effects like transition to new technology can also ensure stable job prospects. A stagnating or impeded economy, while possibly still ensuring stable jobs for other fields, would mean job reduction in design and engineering.