Report by: Demos
Author(s): Alan Lockey
The steady rise of self-employment has been one of the most significant labour market trends of the past two decades. Public policy however, has yet to catch up with this extraordinary rise, leaving self-employed workers in desperate need of a new deal.
Drawing on the findings of original new polling and focus group Demos conducted with self-employed workers in Leeds and London, the new research finds that:
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- Despite difficulties posed by greater economic insecurity, self-employment is extremely popular, with 80% stating they are happy with this form of employment.
- 70% of self-employed workers intend to stay in self-employment for the foreseeable future, with only 2% of workers stating they would consider switching to employee status as soon as possible.
- Economic insecurity in later-life is the most pressing challenge for Britain’s burgeoning self-employed workforce, with 1 in 2 self-employed workers “seriously concerned” about their lack of savings for retirement (46%), whilst 38 per cent are “seriously concerned” with current pension provision for the self-employed.