4 ms·
Regarding your comment on the upward transfer of wealth: that's the "gig economy" for you. In reality, the gig economy is a feature of late capitalism's final r
by cryoshon 11y ago
Regarding your comment on the upward transfer of wealth: that's the "gig economy" for you. In reality, the gig economy is a feature of late capitalism's final race to the bottom wherein information technology has enabled businesses to access previously untapped small private capital (cars or whatever else) to be utilized by the owners as an adjunct/prerequisite to selling their labor.
Thus, the small private capital is requisitioned at large scale for the purposes of the large capital business owner, allowing them to avoid paying the cost of actually onboarding and maintaining the small capital purchases. The labor bought by the business owner is expendable and limitless, thanks to information technology; the entire venture is only possible by trading a pittance of labor costs and getting both steady labor and the use of small capital items in return.
The gig economy allows the rich to take value from the small amounts of capital that are readily and equally distributed among the working class in the form of their cars or whatever else. Paying for the labor and getting both labor and capital is brilliant, but people don't realize that they're consenting to an economic situation that looks a lot like robbery.
- ethbro 11y agoSide question: at least in the US tax code, can you not write wear and tear on your Uber vehicle off as depreciation? https://ttlc.intuit.com/questions/2722277-what-can-an-uber-driver-deduct https://ttlc.intuit.com/questions/2722277-what-can-an-uber-d...
- jackcosgrove 11y agoThe gig economy is caused by a surplus of labor from very high birthrates 20-40 years ago. It will disappear in the future because of falling birthrates around the world.