Some more good charts and analysis on the increase in self-employment.
Lots of people have been poring over this week’s report on self-employment from the ONS. I particularly liked this chart from Nathaniel Lichfield, showing annual growth in GDP, employment and self-employment.
It shows clearly how, even though employment growth fluctuated with the economy, the rise in self-employment carried on regardless.
Self-employment, says the ONS, is now at a record high, both in terms of number and proportion of the workforce, accounting for around 70 percent of the increase in employment since the recession.
But the increase is not due to more people becoming self-employed but to fewer people quitting self-employment. According to the ONS stats, the number of people becoming self-employed did not change much on pre-recession levels but the number of people leaving fell, by a lot.
It’s like filling a bath with the plug slightly open. If you then close the plug, the bath will fill more quickly, even…
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