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This is the exact point that I believe is understated. The gig economy is pure supply-and-demand. Customers are saying that they do not need a professional hote
by TheUndead96 7y ago
This is the exact point that I believe is understated. The gig economy is pure supply-and-demand. Customers are saying that they do not need a professional hotel or taxi service. The historic prestige of these services is predicated on the fact that before the internet there was no better way to connect customers and service providers. If there was a tier below Economy on planes, people would use it. This is because there will always be a portion of the population (maybe even a majority) who strictly only care about the service rendered and the outcome achieved.
- mellavora 7y agoWell, there are factors like health and safety risk in these industries. The gig economy works because these costs are ignored. How many Uber drivers have commercial insurance? If they don't have commercial insurance, does their insurance company cover the damages (including medical bills of passengers) in the case of an accident while the vehicle is in commercial use? Or, what is the Air BnB host's personal liability in the case that Air BnB requires hosts to refund bookings cancelled due to COVID? A hotel is a corporation, as an Air-BnB host do you have similar limitation on personal financial liability? The gig economy is supply-and-demand combined with dodging regulatory costs. Which is great until you run into the situation the regulation is designed to protect against.