The Long Term Shift to Contract Labor by Small Businesses
Small Business Labs
MAY 25, 2021
In 2003 contract labor about 20% of total labor costs of sole proprietors. Spending on salaries and wages grew from $73.7 billion in 2010 to $97.9 billion in 2018, or an annual growth rate of 3.61%. In other words, spending on contract labor increased at 2.5x the spending on traditional employee salaries and wages from 2010 to 2018.
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