Your Answer ▼ Nowadays, many people tend to choose to be self-employed. They do not work for a company or organization. In this essay, I will discuss the reason and the disadvantages of this situation.
The reason of being self-employed is the reduction of jobs. There are not many job opportunities nowadays. This is because of the depression of the economy. When the economy is under the depression, companies try to save expenses including salaries expense. Therefore, companies cut employees and reduce employ. In this situation, fired people and others who can not get a job decide to be self- employed, and start their own business.
The disadvantage of being self-employed is that there is no fixed revenue for people who choose to be self-employed. In other words, revenue is not stable, unlike salary. For example, self-employed people can make loss, this loss can make people borrow money. If there is a lot of debt, the economy would be worse.
The second disadvantage is that self-employed people have no power to control when they have competiton with big firms. For instance, some people have their own coffee shops, however, if the famous brand coffee shops such as Starbuck's opens new coffee shops near their shop, they are easy to lose and can not earn revenue.
In conclusion, the decreasing of job opportunities because the depression the economy is the reason of being self-employed. The disadvantages are that there is no fixed revenue and no enough power to win during competiton with big firms. |