Do news editors make good money?

Being a contractor can be financially advantageous, as independent contractors often have the potential to earn higher incomes compared to regular employees performing similar roles. Studies and industry reports suggest that contractors can earn up to 40% more than their salaried counterparts, primarily because they have the flexibility to set their own rates, take on multiple clients, and avoid some of the overhead costs associated with traditional employment. However, it's important to consider that contractor income can be variable and may lack the stability and benefits that come with full-time employment. Overall, for those who value flexibility and are skilled in their field, contracting can be a lucrative career choice, but it also requires careful financial planning and risk management.