Nat Torkington seems to think so: “…when the clever contractors head for salaried positions then bad times are coming.” (The last paragraph is cut off due to an HTML error, but basically asks if a shortage of engineering talent affects this indicator in one way or another.)
It is a complicated problem because there are a lot of other factors influencing whether being a contractor or an employee is a better fit for a person’s situation: need for income stability, contacts in the industry, demand for a given skill set, even preference for new situations. Even so, it’d be interesting to look back and see what the ratio was over the last, say, 20 years.
I took a look at the BLS web site, but couldn’t find any reports delineating contract employees and salaried employees.
Via Infectious Greed.
[tags]contracting, business cycle indicators[/tags]