Maybe once or twice a year I get a call from some of my former clients asking if I'm looking for work, and I always have to turn them down. Since quitting consulting, I've had a few meetings where I would possibly do some side-work for a potential new client, but they all wanted long-term commitments, and I simply couldn't commit to a long-term thing.
That's my consulting story. I don't actually know what it's like to be a consultant in "today's economy" and I'm sure that was the point of the question, but I thought I'd throw in my two cents.
[Edit for clarification: I'm getting modded down so I assume someone read the above as snarky. That was not my intention. It was intended to directly answer the question and provide him and other readers self-help via a non-obvious feature of this website that is only discoverable through verbal lore.]
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Sample Size: 230It uses a Dapper feed, so it should automatically update itself.
Lots of reasons, but the top 3
1) Rates are always negotiable
2) Rates are always changing
3) You never want to have an "inside baseball" conversation in a public forum
I like the voting idea though.
I think I'd have to charge around half that to actually get enough business to make a living doing only freelance.
Or you'd have to take it seriously enough to do the legwork you need to have enough clients at your current rate. I found that the more contract work I did, the more demand I had for my time. This, of course, assumes doing really good work for people that interact with other people that would need my particular skills.
Also, a lot more of your time will be taken up by non-billable hours.
Again, I'm sure there are other fields that get similar premiums and are in similar demand.
If I went 100% freelance consulting I'd probably charge between 50 and 75, as that appears to be a sweet spot at the moment. Maybe higher as demand increased.
Slowing a little, now keeping one guy busy part-time, and I and my wife work part-time (work together). Feeling VERY lucky.
If it slows more, I may finally get back to my last web-app idea I haven't finished :)
A) You aren't very good (or at least aren't as skilled/productive as other folks with 7 years of experience)
or
B) You really need to learn how to negotiate better
For a senior Java dev with 7 years of experience in Chicago, you should get much more than that for corp-to-corp.