Regular jobs has its own relevant experience and continous practice approach and learning. It add value to your experience as comparision to freelancing.

Yes it is certainly unethical to do two things at a time. But again if a person has a full time job and also does freelancing, he or she can schedule things in a way where the full time job is taken care of in the working hours and the freelancing can be done over the weekends or while not at work. If  you are able to do justice to what you do there is no harm.

From an ordinary man's perspective, a regular job gives you certainty. You have some sort of a leverage. Freelancing is a bit risky. Unless you have made your mark in the industry, you may not survive as a free lance worker.

One more reason why I'll support regular jobs is because of the work climate. Most of the employees struggle with change in working climate and also work culture. A freelancer is obviously going to have several changes in these aspects. Unless he/she is able and willing to adapt to these conditions, it would be very risky. But Like what Sujit said, risk meets returns. And I'm not ready to take such risks :)

This is probably not the right category for my comment/argument, but here's my take on the debate.

There are some interesting advantages and some pitfalls in starting as a moonlight business. (That is, a business you start in your off hours while still working at your current job.) More often than not, the advantages of starting as a moonlighter outweigh the risks:

• You avoid burning your bridges of earnings, including retirement, health and fringe benefits and vacations.

• Your full-time job won't suffer if you maintain certain conflict of interest disciplines, including compartmentalizing your job and business into completely separate worlds.

• You can avoid conflict of interest with your job by choosing a business that is appropriate for moonlighting, such as: single products, real estate, specialized food, e-commerce, direct marketing or family-run operations.

• There are great advantages for operating a family business. The family can run the business while you are at work. You have a built-in organizational structure. You can teach your kids the benefits of being in business.

But there are also some pitfalls to consider in starting a moonlight business:

• There is a temptation to spend time at your job working on your moonlight business. That is unfair to your employer and should not be done under any circumstances. (You may need a family member or some trusted person to cover emergencies when you are at your job.)

•  Another problem may be competing with your employer, which, again, is not right. Think of how you would feel or handle this employee if you were the boss.

• Any kind of conflict with your regular work can jeopardize your job and your moonlight business.

• Overwork and mental and physical exhaustion can also become a very real problem for moonlight entrepreneurs.

So, if you believe you have it in you to avoid conflict of interest between your job and your business, go ahead and moonlight :)

Anirban you are absolutely correct it will be unethical to do both jobs together. Further we should not debate on whose job/profession is better.

This was the reason I did not attempt to comment on this debate before. I am trying to be less critical of Toostep members on the public space as one member pointed out to me. I have decided that in future not to cause anyone any embarassment I will drop them a note in their inbox if their debate, question or insight don't make sense or is not appropriate. 

for me freelancing is better but if a person is in good earning conditions then also he/she should go for chosing a career as freelancer in addition to the regular jobs. this will be a support to keep the confidence at pinacle