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Herman Cain was born on December 13, 1945, [1] in Memphis, Tennessee, to Lenora Davis Cain (1925–1982), a cleaning woman and domestic worker, and Luther Cain (1925–2005), who was raised on a farm and worked as a barber and janitor, as well as a chauffeur for Robert W. Woodruff, the president of The Coca-Cola Company. Cain said that as he ...
The distinction between independent contractor and employee is an important one in the United States, as the costs for business owners to maintain employees are significantly higher than the costs associated with hiring independent contractors, due to federal and state requirements for employers to pay FICA (Social Security and Medicare taxes) and unemployment taxes on received income for ...
Self-employment provides work primarily for the founder of the business. The term entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to grow big or become registered, but the term startup refers to new businesses that intend to provide work and income for more than the founders and intend to have employees and grow large.
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Where previous generations were able to amass years of solid experience and income in the old economy, many of us will spend our entire working lives intermittently employed in the new one. We’ll get less training and fewer opportunities to negotiate benefits through unions (which used to cover 1 in 3 workers and are now down to around 1 in 10).
The National Association for the Self-Employed, based in Washington, D.C., is a trade association that provides day-to-day support for micro-businesses, including direct access to experts, benefits, and consolidated buying power that is traditionally only available to large corporations.
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