Tuesday, May 27, 2014

Lynn Parramore — Cut-Throat Capitalism: Welcome To the Gig Economy

Economist Gerald Friedman warns that the much-hyped gig [freelance] economy is a road to ruin for workers....  
GF: The gig economy has been a giant vehicle transferring income from workers to capitalists. Gig work has become a vehicle not only to drive down wages but to eliminate employment-related benefits (including health insurance as well as retirement pensions and government social security). By undermining labor unions and promoting individualist competition among workers, gig work drives down wages and reduces the possibilities for effective working-class political action.
AlterNet
Cut-Throat Capitalism: Welcome To the Gig Economy
Lynn Parramore

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