Scientific opinion polling shows freelancers and self-employed entrepreneurs are doing reasonably well financially in the post-recession economy, but many are not able to save for retirement. As a result, they support portable retirement vehicles that address the flexible nature of their work.
Entrepreneurs create more jobs than any other sector of the economy, and they are in the vanguard of an evolving 21st century economy that is shaping America’s new employment landscape—one where brick-and-mortar storefronts are being replaced by online retailers, and freelancers and contractors are the new version of the 9-to-5 office worker.
This paper examines the impact of freelancers on the economy, how emerging technologies are paving the way for more people to work for themselves and how the U.S. can update broadband policies that address the needs of this new workforce.
Small businesses are one of the most respected constituencies in the country, and certainly one of the most courted by policymakers in Washington. However, small businesses are also a group that legislators and the general public understand little about—the very smallest ones, especially. Those businesses are known as “micro businesses.”