Earlier quoted context omitted.
Ok. Now imagine you are getting twice as much after taxes for the same work but without benefits. Would you still be as happy? Hell, even 50% more. And you are spreading the work across multiple clients so any one client 'firing' you is suddenly not a huge thing since your income is distributed across multiple clients. Sure, you don't get paid benefits, but you get higher income and the ability to work for multiple c…
This never happens, as there is a minimum time to create a "minimum viable work unit" and often you're paid to deliver as soon as possible, not a year later. I've never seen a contract with enough slack to make overlapping work reasonable. It is not physically possible. Might only work if you're selling templates or are a Mechanical Turk. Generally higher income is not much higher either way, at least around here. No…
If contract work is getting paid the same as FTE, then something is messed up. I literally charged double what I make right now as an FTE.
And yeah, I even called out the missing benefits, but that's something you pay for out of the income differential.
I've been a contract worker several times in my life. I'm currently a FTE and like the people I work for. Going contract is certainly not for everyone and is perhaps a panic inducing decision depending on your current situation.