photofly wrote: ↑Tue Feb 08, 2022 3:24 pm
digits_ wrote: ↑Tue Feb 08, 2022 3:10 pm
photofly wrote: ↑Tue Feb 08, 2022 3:06 pm
Noting that you are unusual in this respect, when most people talk about having a good nights sleep because they have a job and don't work for themselves, it's because they feel insulated by having an employer from the things that worry the self-employed. That confidence is illusory.
Often it is an illusion, but not always. If you work for a startup, then you might as well start your own business job security wise. If you work for a bank, you're likely more secure than when you would have started your own business.
Uh-huh.
https://fortune.com/2020/09/16/incredib ... -hsbc/amp/
Yup
Citigroup said this week it will restart job cuts, joining rivals such as Deutsche Bank AG and HSBC, which resumed staff reductions in May and June. The U.S. bank’s reductions will affect less than 1% of its global workforce, which amounted to about 204,000 at the end of the second quarter.
Do you think that less than 1% of self employed people/small business goes bust every year?
Anyway, I think you can agree that there are definitely sectors out there where you have more job security at an established company than at your own start up. Nothing's guaranteed, but if you were a gambling man, would you bet that a random walmart employee still has his job in 2 years (assuming he doesn't quit), or that the new local arts and crafts business is still operating in 2 years?