"Everyone else is becoming fungible, sought only for their reliability and low cost."

The Sharing Economy means more economically unstable jobs


Tue, Sep 1st, 2015 11:00 by capnasty NEWS

While work is plentiful in the new Sharing Economy, Guernica warns that these jobs increase the workers' economic instability. All it takes is personal injury or sickness, a change in customers' demand, or a shift in consumer needs, and suddenly a worker will find it "impossible to pay the bills."

Everyone else is becoming fungible, sought only for their reliability and low cost.

Complex algorithms can now determine who’s needed to do what and when, and then measure the quality of what’s produced. Reliability can be measured in experience ratings. Software can seamlessly handle all transactions–contracts, billing, payments, taxes.

All this allows businesses to be highly nimble–immediately responsive to changes in consumer preferences, overall demand, and technologies.

While shifting all the risks of such changes to workers.



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