Self-Employment

Paper Summary:

This paper discusses how the lack of stability in the traditional workplace is resulting in a change in the way people do business and how instead of looking to large corporations or government offices for full-time paid work, people are taking matters into their own hands. It examines how self-employment is growing as an opportunity for everyone who needs work. In particular it looks at two popular sub-categories, home-based businesses and electronic commerce.

From the Paper:

"With reduced employment opportunities in larger companies and government, many people seeking employment have started looking towards self-employment and small firms as a large source of jobs. While some self-employed workers turn to this type of employment by choice and earn high incomes, most of the increase in self-employment in the 1990's has been driven by the lack of employment alternatives such as paid work and permanent work. In 1990, the rate of self-employment as a share of total employment was twelve point one per cent and rose to fifteen point four per cent in 1995 (Growth of Self Employment, 1997). The growth of self-employment has been attributed to high and rising unemployment rates especially among older workers and well-educated young people lack of suitable work, and low wages, among various other reasons."

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