Today's Independent Professional?
According to the 1099 Index, today's IPs
- Contractors or freelancers (9.1 percent), including consultants, graphic
artists, engineers, marketers, nurses
- Self-employed professionals (9.7 percent), including small-business
owners, accountants, dentists, hairdressers, lawyers, truck drivers
- On-call workers (1.4 percent), including teachers, childcare workers,
- Temporary workers (1.4 percent), including secretaries, receptionists,
and finance professionals
Demographically, IPs are very similar to traditional W-2 workers.
For example, they share similar education levels and marital status.
However, IPs tend to have higher incomes and are slightly older than
their traditional W-2 counterparts.
- IPs are twice as likely as traditional W-2 workers to have personal
incomes of more than $75,000 a year.
- Nearly 74 percent of IPs are over the age of 35.
IPs report greater satisfaction with their job arrangements, earning
more money and working fewer hours.
- Only one in five IPs (20 percent) say they would abandon their
independent career for a job that offered more money.
- 69 percent of IPs say they are "very satisfied" with their work situation.
- More than four in five IPs (84 percent) choose to work independently.
- Six in 10 IPs say flexibility and freedom are extremely important
in their job satisfaction.
- 77 percent of IPs say they are "advantaged" because they can make
their own hours, spend more time with their families, and earn more
IPs lean more towards the Republican and Independent Parties than do
traditional W-2 workers. IPs favor marketplace solutions and self-reliance
over government intervention.
- More than one-third of IPs say that the government should stay
out of people's lives.