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Tuesday, November 27, 2012

Are you retired? No I am self-employed

The FT reckons that older workers have driven the increase in self-employment that has helped to hold down the jobless rate since the big 'R' began.

The proportion of workers who are self-employed has risen to 14% over the past four years.

People aged 50 and older account for more than 80% of the increase in self-employment since 2008.

I don't know if the numbers are correct but I instinctively feel they are about right.

Of course a lot of 'registered self employed' means they are effectively out of work.

I have been going on for years about the great opportunity the high number of older people, with a bit of cash, who want/need to keep working, is for the franchise business. Not sure if they listened.

These numbers mean there are a lot of well qualified, hard working people, who are not tangled up in corporate jobs and who are looking to make some money. That is a great resource to tap and one that could be profitable. Dick Stroud

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