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Labor market flexibility is one of the great strengths of the US economy. It's one of the reasons why unemployment is back to reasonable levels even after the G
by ageek123 11y ago
Labor market flexibility is one of the great strengths of the US economy. It's one of the reasons why unemployment is back to reasonable levels even after the Great Recession. The freelancer economy has some downsides but in aggregate it's a good thing, both for workers and the economy as a whole. The opposite end of the spectrum is the labor market regulations in a country like Greece, which has always been a drag on their economy (even before their debt crisis).
Anyway, this is a great opportunity for the Republicans to paint themselves as the party of progress and technology, though they need to clean up some of their backward views (climate change, etc.) before such a claim would be credible.
The NY Times had a somewhat more balanced article about Hillary campaigning against Uber: http://www.nytimes.com/2015/07/13/business/rising-economic-insecurity-tied-to-decades-long-trend-in-employment-practices.html http://www.nytimes.com/2015/07/13/business/rising-economic-i...
- norea-armozel 11y agoIt would be fine if the price of housing, food, and healthcare weren't so far out of sync with the wages earned. This is going to lead to a permanent underclass where people are worse off than even serfs of the medieval period.