Why "Gig Economics" Will Fail
The Failure of a Gig Economy
What is a "GIG" Economy?
In order to accurately define "Gig" economy, a trendy word that hides the truth and facts of employment in the US. today, it is necessary to understand that the word "gig" traditionally referred mainly to musicians who were hired for a specific engagement.
When it is applied to labor in the U.S., it really isn't a "gig" so much as a replacement for the word "temp."
So the question to ask is, "Can labor in any country survive ONLY on temps working part-time and cobbling together 3 or 4 "gigs" to earn what a full time job used to pay?
It is certainly true that automation has given rise to loss of jobs. However, automation cannot replace your broken water heater or repair your automobile's transmission. Leaky roof? Call a robot?
You can see why "gig" economics has been manipulated, not for improving the status of labor in the U.S., but to create higher profits for business owners.
Today, employees are hired for shorter periods of time, which means excessive employee turnover. Does that cost employers? No. The reason is that business owners don't hire emplouees. They hire a recruiter who is also an employer who provides temp workers, thereby relieving employers of paying employee benefits and contributing their portion of employer taxes.
Since the rule of thumb in industry has been to cite anyone who works less than 30 hours a week as "part-time," relying on part-time employees hired by a recruiter who pays their wages, business owners no longer have the job of paying wages, benefits or corporate taxes.
You can see already why this cannot last. The more business owners pay less and less taxes and their employees must work multiple "gigs" and pay the lion's share of taxes to the federal and state governments, the closer the economy gets to a serious reduction in financial support that can only come from enforcing business regulations and taxation.
From the corporate sector, there is the whining that businesses pay too much in taxes. Do they? Check again.
Employees and customers pay more than most business owners in taxes out of wages that have been deliberately stagnated using the excuse, "It's a gig economy."
Employers and customers also hand over massive federal tax cuts and cold hard dollars in tax subsidies, often to state and federal governments.
In the U.S., the Government Accountability Office tracks the amount of return each state receives for the federal taxes they pay. It should surprise no one that according to the State University of New York's Rockefeller Institute of Government, "just 13 states subsidize 37 others."
As such, this means that employees in 13 states are earning more and getting a far less return for their wages. They worker harder and are still struggling to keep their heads financially above water.
The Downside to Gig Employment
The downside to "gig economics" is that these recruiter/employers can only earn their incomes through high job applicant turnover. Thus, they hire and as soon as their client's contract for employees run out, they fire job applicants/employees and replace them to increase their commissions and profits.
The hallmark of "gig economics" is "short term" workers In some industries like construction, chemistry and engineering, short term projects are expected. What goes with "gig economics" is this: When multiple jobs are held short term, it almost always means working longer hours for the same wages a full time job once paid.
Longer work hours means less time for personal needs and quality time with families. It also means an increase in the cost of travel to and from jobs, not to mention the loss of time involved.
Another consideration is "job uncertainty." It's easy to explain gigs being plentiful due to the need for increasing jobs during holiday seasons. But, as most individuals know, holidays pass and there is that "down time" in businesses when customer spending drops off until the next big holiday.
Where is the reliability in earnings then?
Today, 57 million Americans work in gigs. This includes multiple job holders and those whose arrangements are short term.
Ref: https://www.forbes.com/sites/tjmccue/2018/08/31/57-million-u-s-workers-are-part-of-the-gig-economy/
Decline in Gig Enthusiasm
When the job market is weak, gigs are plentiful. This is due to employers' need to cut their losses. Is labor the best way for an employer to cut their losses? Most labor expert says "No."
The reason is that when labor is the first item to the cost of overhead, the work of the business remains the same. With fewer workers, the work of the business must then be completed by fewer workers at the same wages paid to the prior full staff.
When employers use cuts to labor as their first reduction in costs, the disruption to their daily business productivity is the first thing to suffer.
Ref: https://hbr.org/2010/05/when-youve-got-to-cut-costs-now
The Most Serious Consideration of the Gig Economy
How stable can an economy be if working longer hours for stagnated wages in multiple jobs poses a serious health risk?
It has long been recognized that working longer than 8 hours, in non standard work shifts and unregulated work schedules can impose health risks that include:
. Sleep deprivation
. Potential injury
. Loss of appetite
. Fatalities
For employers, the risk is higher levels of insurance and government compliance liabilities due to increased injuries, loss of productivity and poor worker attention to safety in the workplace.
Ref: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4926781/
Conclusion
The actual economics of a gig economy is shorter term profits, health risks to employees and greater business uncertainty.
In conclusion, U.S. workers who realize their personal losses may replace working in multiple jobs for creating start up businesses.
Comments
Well, since you mention it.....fentanyl is coming from China.
Don......your move.
Zzzzzzzzzzzzzzzzzzzzzz. Burp. Zzzzzzzzzzzzzzzzzzzzz
So true... I guess men and women are not so different after all...
......and another thing.
If you say you wanted him because he’s not a politician, then why when he lies do you say, “So? All politicians lie.”
And here’s proof.
Dems now have a non politician politician.
They have someone who doesn’t follow usual order of business.
A rebel.
A non conformist.....And u call her unfit!
I mean it.....you magas should examine yourselves....why did you vote for Trump? Truthfully.
Media? They have been protecting him for 30 years. Funny......about the same amount of time they have been demonizing Hillary.
Know why? Money and ratings.
This country has been divided from the start. The civil war didn’t change that, just made it illegal to act on it.
I remember the Tea Party coming out, and I was like what the hell is this? Kookoobirds, crazyland!
I feel the same about magats. It’s not about making America great, but keeping her white.
White power
White men in charge
White woman as the domestic goddesses....
None of this feminazi crap.....you luv Rush, dont you?
None of this killing babies in the womb
And for God’s sakes, no black people in the White House.
No Mexicans, no Muslims, no pay raises, no lower taxes for the middle class, only benefits for the top upper class.....who are mostly white and men.
This is how I see it, which is why you dont have to be Republican to be a maga....
But I would bet 99.9% of them are white.
Leslie, on the contrary, it does matter. The narrative you and others are projecting along with the media about Trump is what is dishonest. I post the previous message to show that.
The country is divided in our opinions but we are all patriots and all wants what is good for America and that is what MAGA is all about.
How is he destroying our country by protecting our borders?
Tell me, what is the objection here?
If you wanted to have amnesty for undocumented, why didn’t President Obama do it when he had control of the whole government?
I just want to repeat something.....
Massachussetts is a blue state. We have a red gvr. He has a 72% approval rate!
It’s about the person. America can walk and chew gum.
What has that got to do with anything? Nothing. It doesn’t stop who he is now, nor the damage he is inflicting on this country.
I guess you can see how much he respected Hillary during the campaign and now....”crooked, lock her up, you’d be in jail”....
And of course you are biased. And so am I. I swear, there are a bunch of you here who all claim to be “ independent”, when it’s obviously not so!
And, yes, I can criticize dems.
I voted for Nader in 2000.
I can’t stand blue dogs, and I actually left the dem party after what they did to Franken.
But my world view leans left, as you surely can tell.
Just as we all can tell who are right wing.
It’s not something to be ashamed of.
Just own it!
Here is photo evidence...
Trump was the makings of democrats. He was a democrat in NYC for many years contributing to top democrats including Hillary Clinton. She and Bill attended his wedding for heaven’s sake. For you and others and the media to try and make the case how evil Trump is, you made his bed, and lied with him all those years and now he is elected, you faint outrage at Republicans? How ironic.
I am not biased. I call it as I see it. If I am wrong, I will readily retract and correct my self. I have criticized both Democrats and Republicans at times on these forums... have you done the same?
Lol! If not for Hillary, you would have voted Democrat?
Hahahaha.
Nice try. You voted for a malignant poison. Thanks for nothing and please don’t vote again!
Wow, take a breathe, your rant is unbecoming.
Don’t you get it? It was Hillary and Obama that brought us Trump...
If you want to blame anyone, it would have to be your beloved Democratic Party and the biased media.
They created the environment where out of 17 perfectly good candidates, the only one that won was an outsider by the name of Trump.
If Obama, having controled of both Houses, his first two years, had not screwed up, Hillary would be President today.
It was his incompetence that lead to the decline of the DEmocrats and you can't blame that on Conservatives. We predicted it would happen.
The failures includes passing the ACA, Benghazi, doubling of our debt in 8 years, destroying businesses and the weakest recovery in 50 years with over regulation and the IRS scandal and corrupting and politicizing our institutions like the FBI. That would be his legacy...The president that destroyed his party.
In case you missed it, your gig economics was created as a result of the ACA...
How about doing their job? Can they? Or does daddy have to say so first?
Credence, true but lets keep our discussion on the matter at hand and not drift off to cast dispersions on others our assume motives of the other party when it is not true...
I want to discuss the benefits and harm of one policy vs. another and I want people to judge these arguments based on facts and history. In general, progressives tend to ignore that and use “feeling” to argue their point of view. I rather stick to results and outcome.
It is no mystery why we are the wealthiest nation in the world.
If I had to choose only one reason, it would have to be our Constitutional government of limited government and individual freedom...
Those are the qualities that lead to a successful nation and wealth creation. Not collective socialism...which has proven to fail on numerous occasions.
As long as they support and love a man who says democrats don't care about the border, don't care about people being stabbed, call our reps crooked and lyin.....
What in the world do they expect???
Jack, I am aware of your desire to discuss these issues and do not want to have it become a slugfest. But, the fact is that progressive thinking people have a different mindset from conservatives or rightwingers.
Nobody is insulting the proponents of your point of view, but being candid about our opposing positions mean that we are going to step on one another's toes, and it is unavoidable at times.
There are demographics that support the rise of progressive political positions and half of the country is not a sub set of public opinion.
LOL...what does "take your meds" mean?
Your side constantly insults and belittles. And especially your prez.
He set the tone, so enjoy!
@AdamParkhomenko
"I wasn’t convinced there was a real emergency on our southern border until trump included “cryin’ chuck” in his most recent tweet. I mean who could question that kind of seriousness and gravitas?"
You like it that way......plain talk. Unless its Ocasio-Cortez.......then its crazy-town huh?
Wonder why????
I mean, shes not a politician, either. Dont ya love it?....
apparently not
At least I don’t call names...of people I disagree with...
Oh yeah? Just like rightwingers vote Republicans and there is no evidence that they are the "sharpest knives in the drawer" either.
That's what liberals do. Liberals vote Democrat. They are not intelligent people, and so, they resort to calling the people who do not agree with them names. It's emotions over logic. Leftists care about their fee fees more than facts.
That anyone votes Democrat these days is evidence, I think, of how horrible our public schools are. Parenting is also low, as globalist seek to replace traditional family structures with the state as center of all things, and 'god.'
You guys have to stop make fun of people you disagree with.
I am not comfortable trying to engage you in a debate about economic and policies that affect our whole country and deal with these unprofessional remarks...
You may not like what I say but don’t for moment think you know who I am or my background. Try walking in someone’s shoes before criticizing...is always a good idea.
You just expose yourselves to be the ignorant bigots that you accuse others of. Very sad.
Watching Fox and eating Kentucky fried chicken??
Good god, some people have low standards.
Oh, and photo ops......and golfing.
Oh yeah, and ruining lives. *clap* *clap*
Patriarchy has passed. Watch matriarchy heal. Long overdue.
Couldn't give a flying giraffe for any of that garbage. Trump is President of the United States of America. I care about the job he is doing in that capacity, and it's the finest job I've ever seen done from that office.
Hillary Clinton is one of the most evil persons in the universe. Did you hear what she did to Libya? Yeah. Trump is being very kind to her. Chuck Schumer is less evil, but somehow, just as repulsive.
I will never vote for a Democrat in my life. Why would I vote against my own best interests? Oh hey, I can think past the Huffington Post level. So I wouldn't.
Your president says democrats don’t care about crime, don’t care about people getting stabbed, dont love America, and calls them names such as crooked Hillary and cryin Chuck.
Take. A. Seat.
What Nixon did was awful. Same level of awful as what the Democrats did in Alabama to slander that Roy Moore person. What have Democrats done in the past two years BUT slander people? Oh nothing. That's what they do. They slander people.
Vote for us or you're a racist. Vote for us, or you're a Nazi. There are 97 genders, you bigot! Oh the Democrats sure are inspiring. Let people from south of here and Muslims over run the nation, or you're a racist.
Oh Golly! Oh Jee! I'm so inspired now. I think I'll be a Democrat. That way I can do absolutely nothing but slander people, and I can get a fake feel good out of being fake better than people who actually care about the USA. Yay Democrats.
Willfully so. It’s like stubborn children. No, no, no! Doesn’t matter. The truth will out, and we will be free of them.
......and be grateful for the old skool Repubs.
I am sorry but I don’t see. Nixon resigned after Watergate came to light. However, if he chose to stay and face impeachment, he might have survived. He did so I believe to avoid a distraction of our nation. Remember Clinton, his impeachment and crimes were much worse than Watergate and yet he survived. Our country was worst off after the whole process and led to 9/11 because we took our eyes off the ball.
Impeachment is a political matter and has nothing to do with the underlying crime. Clinton was clearly guilty but the Senators turned a blind eye because politically, it was bad to remove a popular president while the economy was humming.
With regard to Trump which you are comparing, it is not a fair comparison. Trump has done nothing wrong on the level of Watergate or the corruption of the Clintons...
Let the Mueller investigation proceed...
Jack
You're obsfucatung again.
It's like saying Hitler was ok cause he built volkswagon. Hitler was corrupt!.
You said presidents will be judged by history, but Nixon was judged both in and out office as corrupt. His failings outweighed everything.
The inevitable prosecution of corruption is slowly getting a stranglehold over wee Donald. You'd have to be blind not to see what's happening.
If you consider opening the trade with China a small achievement then I guess you are right. However, 4 living presidents including Obama praised Nixon for his service to this nation.
Jack
As usual you're evasive. Nixon was judged and prosecuted while president and has left a pooey skidmark on history. Any small achievements are overshadowed by corruption. He is forever a bad example. Sound familiar?
Well, Jack compared with reign of the current occupant, I look back on the Nixon years with warm nostalgia.
Nixon was one of the most well prepared politicians to assume the office of the President in some time, but the man had his demons and those eventually did him in.
Here is my article on the Nixon library -
Yes, but his standing in the ash bin of history tells a differnt story.
Watergate was one blemish on his tenure but he accomplshed much while president.
I was able to visit the Nixon Library last year and it was very impressive. He had a long list of accomplishment including the opening of China... and the creation of the EPA...
On the contrary if we look at Nixon he was judged while in office.
Wow, we are living in two Americas... how can one person generate such divergent opinions?
It is so contradictory that there is no overlap. One of you guy is right one of you have to be wrong...
We will see in a few years.
A president is usually judged by historians after he leaves office.
Know it well...
Leslie, I like to refer to Trump not as Mussolini but as Benzino Napaloni from The Great Dictator, starring Jackie Oakie and Charlie Chaplin (1940). See it sometime, it is so appropo when thinking about the current occupant of the White House.
Moron....you mean Obama?
Oh my. And you all get upset at orange Mussolini. Might want to check that cult-o-meter.......
Thanking god for a person like that makes people wonder what exact “god” you refer to.
I’m afraid you won’t like what I’m thinking.
Trump is far and away the greatest POTUS of my lifetime. He does things the previous moron says one would need a magic wand to do. All that was actually needed, was Donald J. Trump in the White House.
The economy is in terrific shape. Unemployment is at a 50 year low, and the world knows there is a guy in the White House who will do whatever it takes to make his nation safe and secure.
I couldn't ever have thought we'd be so fortunate as to have a man like Trump as POTUS. I thank God for him every single day.
I see you are all scared. Don’t be. You will thank us later for saving you from Drumpf.
In case you forget, he lives in a gold plated penthouse with gold plated toilet seats.
He cares nothing for working people, never has.
But, like any conman, he has an audience. “There’s a sucker born every minute”
Unfortunately for you, he’s much worse than a conman, he’s a crook. Real live crook.
You don’t have to believe it, the majority of us do.
We’ll save you from yourselves, who seem to be in a great state of denial.
Don’t thank us.......we don’t do it for you. We do it for America.
Nice to see you’re a fan of Monsanto now, Wesman.....odd how values can change so much. But it’s ok for your guys.....with the shutdown, food is not being inspected. Just THINK what these food corps can get away with now.
Not that they would, cause we know they only care for our well being, not some stupid profits or anything. Derpppppp
I can see the comment section here went down the tubes.
As is so very typical, people are talking about 'corporate greed.' Corporations exist to provide a product or a service to consumers, and as efficiently as possible.
That's it. That's all. That's what they are trying to do. People who help that process with innovations and exemplary work get rewarded more than the persons who do less. That's beautiful. That's wonderful. That's the way it is supposed to be.
Automated or machine kiosks are not 'corporate greed.' They are efficiency. I don't like them, myself. But I have heard SO MANY people say they'd so much rather be able to order without having to deal with a human at some fast food joint. Well, corporations are giving the consumers what they want. It's literally why they exist, and the only way they can continue to exist.
Leslie, take your meds...your post does not warrant a response.
When I was 18, i had a 2 bit job....and could afford an apt, and a car!
Now, an above minimum wage job affords you nothing.
The cost of living must come down, or the wages must go up.....choose one.
And, i know you read of the Walmart employees, who had to go to federal gvt for food and healthcare, because Walmart was paying such lousy wages.
You think the family was suffering?
WE were subsidizing their millions!
Its a joke.
Since Reagan, its been money uber alles.
But even Reagan had a heart for immigrants. Drumpf could care less about our values and history.
So yeah.....his grandpa made money through illegal activity, and so did his dad and so does he.
@LincolnsBible
When I call dotard a "mobster," I'm not being cute.
Or provocative.
Or jumping on MSM's sudden embrace of what they've always known & obfuscated.
NO.
I'm bringing U the truth.
Donald Trump was born into a front organization of the Genovese crime family.
He was theirs from birth..
*******
This is what you have wrought on America due to your hatred of Hillary, and believing rightwing lies.
You wanted NWO, you got it.
Great article, Eleanore
I can clearly see the trend and where it is leading, the new interactive kiosks in McDonald's is an example. The stores can get rid of the wait staff, reserving jobs for cooks only.
The short of shrift of labor by the corporate class is made up by taxpayers, who has to subsidize their greed.
I am glad that I no longer have to compete in a labor market of this nature.
So you are telling me a guy working his first job at McDonalds by the cashier, needs to make enough money to support himself and a family? Because it is a full time job?
No one working a full time job should be living in poverty...
How do we do that?
This is the reason tech companies are developing robots to replace cashiers.
In my neighborhood, a local BJ has 10 checkout lines, only 3 are manned. 4 additional kiosk for people to scan their own products...
The other 7 are empty even though the lines are long. Why do you suppose they don’t hire more checkout persons?
Free enterprise? 6 companies own all of media. ( maybe less now) Commercial talk radio is 100% rightwing.
Here, on the Cape, there are (I should say were....I don’t know about now), 2 men who hold the franchises on all the Dunkin Donuts shops. One takes the lower cape, one takes the upper.
When I worked as a waitress, the owner was angry, because there was one liquor distributor who went “over the bridge” to deliver.
And so, he had to pay whatever the guy demanded.
Watch American Gangsters....where Sammy Gravano mentions Trump. No one gets into NY real estate without the mob.
On and on it goes.
Capitalism has failed, and gubmint has bailed it out time and time again.
We need true capitalism, where labor is valued as much as wealth. You don’t have one without the other, but the balance is skewed far too much in favor of wealth,
To paraphrase Barack Obama, “ no one who works full time should live in poverty.”
Period.
Eleanore, you really have some serious issues you need to address. I hope you have a good day. I wish you well. I hope you get the help you need.
"Men like you who own businesses always think workers are there ONLY to earn profits for you. It's why men are so corrupt in business today. They believe workers are so dispensable that they can go to China, Thailand, India or Mexico and pay $11/month for workers."
I do believe this is a very sexist statement. Would it be sexist if I referred to this as a typical female response?
So, tell me about your experience in creating a business plan, securing financing, meeting a payroll, paying expenses as well as taxes. Dealing with customers, suppliers and employees. I want to hear about it. Then, if you had 20 or fewer employees....tell me how you were able to pay them $16 an hour for manual labor and stay in business. I and many other business owners would love to know your secret.
This is called reality. If you've done this, I'd like to know. If not, let's face it, you have no idea what you're talking about. Yes, it amounts to whining. If you haven't had this experience you have no idea what it takes to start and run a business. You have no idea of the risks involved with it. Unless you've started your own business...you have no idea.
Leslie,
With that attitude, no wonder our country is divided and screwed up.
The time for debate is over....
Socialism failed. Capitalism is the only way forward. Not crony capitalism...but free enterprise and competition.
The answer to crony capitalism is to enforce anti monopoly laws on the books.
He can’t lose the attitude. That IS the Republican attitude!
“You’re stupid, shut up”
This is why America will never come together as one. E Pluribus Unom to them means “ bend over, I’ll drive”
This, THIS is the president of the USA, completely maligning half of the country. Disrespect, malevolence and hatred.
And we, in return, are supposed to do what? Accept it? Pay taxes to it?
I don’t think so. It is war.
People who think like this clown Drumpf are the enemy. Plain and simple. So, bring it on.
Got it. You have no desire to listen to people like me. And then YOU will whine because I don’t genuflect to Republicans.
No skin off my back. How much do you get from the labor of others?
Leslie, it would be much easier to pay attention to you if you led by example. I've had businesses. Unless you have faced what a business owner faces, you have no idea what you are talking about. So, again, own a business, see if it can be run your way...then you'll be able to say something worth listening to...until then...you are just whining.
I have no desire to run a business. However, I’m in management positions, and I see how it goes.
Owners will always cry poor, but seem to have money for their luxuries.
My first gig as manager, it was really embarrassing. When Christmas came around, I got a big bonus. The workers got a turkey. And I was thinking back then, dam, I’d be nothing without them......why so much for me?
I was recently suspended for not following rules.....without pay, mind you, because I’m not on a benefits plan.
But, I know for a fact, my higher ups bend the rules all the time. ALL the time.
One of them said to me, “they had to make an example of you”
.....is this a way to treat employees?
You know what one week without pay will do to you?
The Trump shutdown will show you.
My ex had his own business...building and remodeling, and he used to tell me how expensive it was to own a business here....payroll taxes, unemployment, workmens comp, etc.
But he still paid a really good wage to the people who worked for him. And he got perks himself.....buy a new truck, put it on business expense......extra wood, materials...freebies for him.
I’m sure you’ve heard of the “3 martini lunch”....all free.
And the current owner of my summer job loves to go the the yacht club and throw the money around.
So you know, don’t come at me with the boohoo for biz owners.
We all know the main objective is the bottom line.
If you can’t make it good for all of your employees, it’s really not a successful business, imo.
Leslie, I would suggest you start a business of your own and pay your employees what you propose other companies pay their workers. Having a business will let you experience paying taxes, dealing with making a payroll, marketing, advertising and everything that goes into owning a business. This is your opportunity to show people how a business should be run and how employees should be paid. This is your chance to be an example of what a company should be like in this business climate. Show everyone how a liberal can run a business like it should be run. Let me know how it goes.
i'm not a socialist, i'm a liberal. You people who believe in crony capitalism need to get a grip.
Your reign is over.
And don't forget it was a Republican prez who taxed rich people at 90%.....and America thrived.
Big babies now want everything for free....including labor.
Not.gonna.happen.anymore.
Dubai is wonderful, with zero taxes for the wealthy....and plenty of nuveu riche. You'd enjoy it.
But this is America. E Pluribus Unom.
And Liberty and Justice for all.
Leslie, Spoken like a true socialist. Have you seen what is going on down in Venezuela? Let that be a lesson to you. Be careful what you wish for...
greed is good model:
"Over 800,000 Americans won’t get paychecks this week because Trump is holding them hostage to get his wall. When and if they are paid, he refuses to raise their pay to match inflation. How will we attract good people to public service who are treated this way?"--R. Reich
Freezing their money because he gave it to billionaires.....those of lesser means will have to pay for people like Robert Mercer, who funded the stealing of our election!!
Been going on since the 80's.
Funny how gubmint can afford healthcare...and great healthcare, too! for gubmint employees.....Its called single-payer.
ACA supporters, like Pelosi, were really pushing a public option, but they have to deal with capitalism, now don't they? Went down like a lead balloon.
Maybe now the time has come.
Single payer/Medicare for all....its cheaper in the long run for us.....maybe not the company ceo's, but tuff.
If a huge employer like gvt can supply healthcare, so can any business.
And, in most businesses, keeping costs down means more money at the top. That's the REAL reason they do everything.
I can attest to that in real time.
We need to wake up from this psy-op that greed is good.
Was a time employers were courted. Biz competed to make the best workplace.
A company that treats employees like "just another warm body" doesn't deserve to be in business, IMO.
Its like the gubmint: 3 EQUAL branches.
Labor = Owners. One cannot survive without the other.
Elenore, everything you said is true about Gig economics except the cause. The reason we have a gig economy now is no other than ACA. The law that required all companies of 50 employee or higher to provide manditory healthcare coverage to all their employees working 30 hours a week or more.
After the law passed in 2010, companies decided to convert their full time employees to P/T employees in droves...
Don’t take my word for it. Just google it...many company CEO have said pretty much as I stated.
Yes, I read that Trumps farmers aide is a disaster.....only 983 million of the 12 billion has been allotted.
Soy bean farmers lost 94% of their trade with China! And it’s not coming back.
This ridiculous tax policy of destroying the country to let rich people hoard money is also a disaster.
It’s top heavy and we will fall.
But I will watch shows on Wall Street.....sometimes I watch Bloomberg or CNBC....I don’t really get it, but I know it’s a barometer of our health as a country.
Right now, Trump is at a pretty good pace to tear it down. And when a cabinet member requires secret service protection, you know you’re dealing with gangstas.
Who needs someone with such enemies?
Thank GOD we got dems in the House. The Trump Train of Thievery is done.
Perhaps when the inevitable crash comes in 2019, they will admit the policy of greed is detrimental to a country.
Not likely, tho.
They have flipped the script. Somehow, they have allowed everything to cater to the idea that greed is good.....think only of yourself, allow business to think only of profit, and u may get that French chateau.....drive that Benz, own that goldmine.
Not likely. Takes money to make money....economics, 101.
And the fact they use religion to do it is the biggest sin.
How many warnings are in all religious books rebuking greed?
And this is an abomination, not something to be proud of:
“Richest 1 percent bagged 82 percent of wealth created last year - poorest half of humanity got nothing”
https://www.oxfam.org/en/pressroom/pressreleases/2...
There is only one outcome to all this, and it’s the same outcome we see over and over again, Crash and Burn.
I guess they are hoping that eventually we can never recover.
Grind us down to dust.
Biz is so shady. I once was manager at a chain store, and when winter came around, we just cut everyones hours. They couldn't live on what we offered them, so they would quit. And, since they quit, they were not entitled to unemployment. What a shabby way to treat people.
No, the gig economy is a hard way to go, especially if you have kids.
Biz gets away with murder, families suffer.
But i did hear some good news today....housekeepers union in Boston went on strike and got their demands met from a certain hotel.
$26-27 per hour, and guarenteed 40 hrs.
Now they can live on one job, not 2 or 3.
As James Baldwin said, "Anyone who has ever struggled with poverty knows how extremely expensive it is to be poor."
If you don't mind my bit of a rant, here goes: In the hvac industry, anyone with any degree of skill and qualifications can get a job when the heat kicks in around May. Companies will work the hired service or installation tech 90 hours a week, for exactly 90 days. Then, it's thanks for knowing you. Buh bye. Check with us next year.'
I've been treated exactly that way several different times. It's entirely for the purpose, of course, of getting around having to offer a full time job with benefits. You can typically get another job for a month or two while the weather is still hot. Not a nice way to try to live.
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