6 ms·
Huh, who could have thought that indiscriminate data collection could be used against us? I’m convinced this is just the tip of the iceberg, a lot of this stuf
by klabb3 4y ago
Huh, who could have thought that indiscriminate data collection could be used against us?
I’m convinced this is just the tip of the iceberg, a lot of this stuff of course happens all the time in the shadows. And not just with gig workers but also things like regular employee comp and rental prices. In fact it would be surprising if it didn’t happen, all the incentives and preconditions are in place.
Information asymmetry is a highly underrated factor in markets. It’s not something to gloss over.
- huitzitziltzin 4y agoEconomically, this outcome does not require imperfect information. Dispersion in workers’ marginal product of labor is sufficient. In this case workers may be heterogeneous in the value they place on the time - that may be observed by the firm. Imperfect information might play a role here but I doubt it’s a big one.