[colinloretz]

Definitely. With such an economic contraction, you're going to see companies hiring contractors for a while because they don't have to commit to the full overhead of an employee. We saw a huge influx of freelancers in 2008-2009 and as the economy grew pre-covid19, more and more freelancers took jobs at companies because of salaries, benefits, etc. We will very likely see a repeat of that.

Things to make sure of: make sure your rates take into account your overhead. You're going to have to pay for your own insurance, pay withholding taxes, business licenses, account for some time off/sick days, etc.

After years of freelancing, attempting to set aside money for taxes and never paying into retirement, I started using an app called https://www.catch.co/ to track all of this and it allowed me to focus more on freelancing and less on the overhead.