Re:How Estimates of the Gig Economy Went Wrong
by zozbot123 on Wednesday January 09, 2019 @08:50AM
(#18864626)
> you can only pay sub minimum wage for so long before people say fuck it and walk away flipping you off.
That's exactly what the article is saying, though. Informal work arrangements (the gig economy) take off when unemployment is high due to a big recession; but when labor markets are tight (and unemployment is really, really low right now) traditional, formalized work is a lot more attractive.
That's exactly what the article is saying, though. Informal work arrangements (the gig economy) take off when unemployment is high due to a big recession; but when labor markets are tight (and unemployment is really, really low right now) traditional, formalized work is a lot more attractive.