We are on the cusp of a revolution in the way work and labor are done. The changes are generating chronic insecurity and worsening inequality. Put bluntly, in the past three decades, a global market system has been emerging, aided by economic liberalization policies, a technological revolution based on electronics that has facilitated changes in organizations and a dismantling of the firm and a shift of bargaining power from workers to capital.
MILAN -- The truth is that the Internet-led process of exploiting under-utilized resources - be they physical and financial capital or human capital and talent - is both unstoppable and accelerating. The long-term benefits consist not just in efficiency and productivity gains (large enough to show up in macro data), but also in much-needed new jobs requiring a broad range of skills. Indeed, those who fear the job-destroying and job-shifting power of automation should look upon the sharing economy and breathe a bit of a sigh of relief.
I want to stay at a place on my trips that has some health safety regulations they have to abide by; I want there to be an even playing field so that Uber and AirBnB have to live by the same rules that taxi companies and hotels do. If Uber drivers are full time, if AirBnB hosts are renting out apartments most of the time, they ought to be treated like employees and have their payroll taxes paid.