Of course it will bid down hourly rates. That will increase demand for such services, thereby allowing more people to enter the workforce [1]. Unemployed worker

Of course it will bid down hourly rates. That will increase demand for such services, thereby allowing more people to enter the workforce [1]. Unemployed workers get jobs, consumers get more services - a win for everyone! [1] It's interesting how the gig economy can reduce sticky wages, making inflationary stimulus unnecessary.