Mish Shedlock has a expose on the explosion of employment which is not covered by unemployment insurance.
133% of the jobs created since January 2009 are not covered. Employment rose by less than 5 million while uncovered employment rose by over 6.5 million.
An observation Mish does not make, but I will, is that is a whole lotta people who are working without unemployment insurance. People are going to get used to that.
Mish notes that in his state he must pay for unemployment insurance but he is not covered since he is self-employed. Here in Washington I am not covered by unemployment insurance but the self-employed are not taxed for it either.
Being self-employed, over the years, there are times I find I need to get some work to make some money, or at least not blow through savings. Consulting and teaching are two means to that end. Both depend on experience.
I've also worked on once-in-a-lifetime projects like a major Chinese art exhibition where again my experience recommended me.
The experience comes from work.
Look at your job right now.
1. Do you do something that others would pay you to do?
2. Are you passionate about what you do (suffer in that good way)?
3. Does your work give you joy?
If you answer no to any of the above, you need to get self-employed. You probably are probably covered by unemployment insurance, but that will run out at some point if and when you need to draw on it.
Eligibility for unemployment insurance, and disability insurance, and social security is sure to be tightened in the next four years, one way or another, as sure as taxes will go up. One way or another, hoping in the state will lead to unmet expectations.
Get something going now, anything, the opportunities are wide open, get passionate, find that joy, and develop the best unemployment insurance possible: experience.
Feel free to forward this by email to three of your friends.
133% of the jobs created since January 2009 are not covered. Employment rose by less than 5 million while uncovered employment rose by over 6.5 million.
An observation Mish does not make, but I will, is that is a whole lotta people who are working without unemployment insurance. People are going to get used to that.
Mish notes that in his state he must pay for unemployment insurance but he is not covered since he is self-employed. Here in Washington I am not covered by unemployment insurance but the self-employed are not taxed for it either.
Being self-employed, over the years, there are times I find I need to get some work to make some money, or at least not blow through savings. Consulting and teaching are two means to that end. Both depend on experience.
I've also worked on once-in-a-lifetime projects like a major Chinese art exhibition where again my experience recommended me.
The experience comes from work.
Look at your job right now.
1. Do you do something that others would pay you to do?
2. Are you passionate about what you do (suffer in that good way)?
3. Does your work give you joy?
If you answer no to any of the above, you need to get self-employed. You probably are probably covered by unemployment insurance, but that will run out at some point if and when you need to draw on it.
Eligibility for unemployment insurance, and disability insurance, and social security is sure to be tightened in the next four years, one way or another, as sure as taxes will go up. One way or another, hoping in the state will lead to unmet expectations.
Get something going now, anything, the opportunities are wide open, get passionate, find that joy, and develop the best unemployment insurance possible: experience.
Feel free to forward this by email to three of your friends.
1 comments:
Hi John,
Check out this book:
"The Element: How Finding Your Passion Changes Everything" by Ken Robinson.
http://www.amazon.com/dp/0670020478/ref=rdr_ext_tmb
Post a Comment