[sdnas211]

> That is a silly situation I agree. But it's a situation that perpetuates in part because too many contractors tolerate it.

A sizeable proportion of contractors I used to work with simply removed themselves from the market when the changes were introduced. Many of them retired early, and one retrained as a plasterer.

I only tolerate it because I have a mortgage to pay. I'm not willing to take a 50% pay cut to go perm, or a ~20% pay cut for the few contracts outside IR35 that I'm offered. The rates on those used to be significantly higher than before the changes.

Speaking to a lot of recruiters over the last few years, we have noticed wage compression in the market. The bottom end has been brought up quite substantially, the top end has dropped.