“We should ask ourselves, our communities, and our government: if a business can’t pay a living wage, should it be a business? If it’s too expensive for businesses to provide healthcare for their workers, maybe we need to decouple it from employment? If childcare is a market failure, but we need childcare for the economy to work, how can the government build that infrastructure? If the pay you provide workers doesn’t allow them to live in the community, what needs to change? Collectively, we should be thinking of different funding models, different ownership scenarios, and different growth imperatives. Failure to do so is simply resigning ourselves to another round of this rigged game.”
“Be cautious about investing in sharing economy models that do not directly address the evolving needs of workers. We are in the middle of the Fourth Industrial Revolution, the digital revolution, which has resulted in a redefinition of work. The transition will likely continue to disrupt industries and investors should take heed.”
While an interesting overview of the gig economy and it’s implications, the term “asset light consumer” as a near substitute for “poor” is a crime against the English language on the level of “pre-owned” becoming a euphemism for “used”.