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There are advantages in countries with socialized healthcare to be an independent contractor (e.g. Canada). In the US, not so much.
by ppeetteerr 6y ago
There are advantages in countries with socialized healthcare to be an independent contractor (e.g. Canada). In the US, not so much.
- splistud 6y agoI suspect overall you are correct. But it's really a function of what you pay in price, or tax. One of the reasons why contractors make more/hr is that healthcare and other benefits are factored in, at least in theory. Couples that both get benefits suffer the lower earnings while only one health benefit gets used (ignoring the small affect of coordination of benefits).
- refurb 6y agoIt really depends. I know a woman who worked at my Fortune 500 as a contractor for like 3 years. She was able to bill hourly, work when she wanted (mostly). I had heard she made $600k for a similar role where if she were an employee she would have gotten $200k + benefits. The cost of a health plan was negligible.
- ppeetteerr 6y agoI don't think this is typical. I'm referring more to freelance graphic designers, copywriters, etc. People who are starting businesses by leveraging their skills. Some don't want to be tied to a single client but have to start somewhere.