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The downside to these rulings is that it has the potential to cause unemployment for these gig workers. As the saying goes, the least exploited people by employ
by anonymous5133 7y ago
The downside to these rulings is that it has the potential to cause unemployment for these gig workers. As the saying goes, the least exploited people by employers are the unemployed.
It is like in American Samoa when the federal minimum wage was passed. It crushed their economy (dominated by tuna canning) since the tuna canning mills couldn't afford to pay top dollar for the raw tuna from the fishermen. The fishermen ended up going to Vietnam and southeast asia where their catch could be sold for more. The Vietnam mills were able to pay more because of the lower labor costs. The end result was that the unemployment rate in American Samoa skyrocketed to over 40% and even to this day it is still at around 20%-30%.