I really like how this thread has evolved. There are a lot of interesting perspectives here that otherwise wouldn't cross paths.
I don't know if I could ever go full time with a big outfit again. I'm obsessed with climbing, technical rigging, and falling. That's my arena. My situation makes sense for me and for the companies that I subcontract to because I get to be in my element all the time, constantly soaking in more experience and stimuli, and constantly evolving in pursuit of a better excellence. I am one of those weirdos that needs a craft to live, and I feel very lucky that I have this vocation to pour myself into, in this age of throw-away degrees and 10-year professions. The benefit to my clients is that they don't have to feed my beast or my wallet all the time. The only situation I could see myself giving up my gig and my subcontracting would be going to work for a company that owned a crane, and that would still be hard. Maybe when I'm older... #hookbaby...
That being said, I totally respect #CanaryBoss keeping things in house and treating his employees well. Our market can't seem to bear companies like that at this point in time. The big guys are all undercutting each other, mechanizing everything and driving wages and pricing into the basement floor. A new breed of subcontractor is emerging, as was mentioned before; guys who own their own equipment banding together on projects and all getting a decent cut. I participate a lot in that as well. Another barf-factor to our market that has pushed things this way is that in the last year we have gone from ~20 licensed companies to >45 in a city of a little over 100,000. In short, I feel like the market itself influences what works for our region and what doesn't. I actually do most of my subcontracting in a much larger metro an hour north, where prices are %30-50 higher. It's still a pretty feudalistic market up there, hence the need for guys like me.