3 ms·
Referring to the mention of the gig economy: The gig economy works well if you rent your capital (e.g AirBnB) but has poor ROI if you supply labor (Ubereats, e
by tomrod 4y ago
Referring to the mention of the gig economy:
The gig economy works well if you rent your capital (e.g AirBnB) but has poor ROI if you supply labor (Ubereats, etc.). Do you get cash for your time? Sure. But the opportunity costs are large.
I apologize I don't have a clear reference, the research project was reported through JPMC Institute[1] but my memory is coming from conversations with Fiona Grieg and Chris Wheat who were working on this topic at the JPMCI.
[1] https://thebusinessjournal.com/why-the-gig-economy-may-not-be-the-workforce-of-the-future/ https://thebusinessjournal.com/why-the-gig-economy-may-not-b...
- marcosdumay 4y ago> The gig economy works well if you rent your capital (e.g AirBnB) but has poor ROI if you supply labor (Ubereats, etc.). Looks like a large unemployment/underemployment (of people) problem.