Working for yourself might bring freedom and autonomy, but it increasingly comes with a major risk: low pay. Research by William Kerr explores the shifting sands of self-employment
For generations, American workers have dreamed of striking out on their own, starting their own business, being their own boss—and ideally making a lot of money in the process.
That sentiment appears to be alive and well today, amid an acute labor shortage that has given workers the market leverage to quit their jobs at record rates and try new posts and career paths. But self-employment, an option many workers are reportedly pursuing during the so-called Great Resignation, may not be as lucrative as it once was, according to a recent Harvard Business School working paper.
This article was provided with permission from Harvard Business School Working Knowledge.