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Hoodrobin: Steal from the poor in the lotto economy

Editorial

Dr. Tamaro J. Green

TJG News:

2021-04-07 22:21:48 viewed: 133

 

The gig economy is becoming the lotto economy with more workers having to rely on alternative forms of work during the economic crisis.   Wood, Graham, Lehdonvirta, and Hjorth (2018) terms informal labour from online platforms as an unregulated global oversupply of labour.  The oversupply of labour makes it more difficult to compete on gig assignments.  Bieber and Moggia (2020) describe the considerable human cost of shifting risk from owners to workers in the informal labour economy.  Predatory employers maximize profits by the reduced labour costs and shift the capital risks of operating a business to workers in an obscured contract of employment.  The dangers of workers carrying operating risks may be of future research in the economic effect of informal labour markets.  Sissoko (2007) study the role of financial intermediaries in market outcomes for liquidity constraints.  In this way, employers are able to steal labour costs from their employees.  Kost, Fieseler, and Wong (2020) discuss the global danger of the independent worker employment category severing the link between employment and benefits.

 

 

References:

 

Bieber, F., & Moggia, J. (2020). Risk shifts in the gig economy: The normative case for an insurance scheme against the effects of precarious work. Journal of Political Philosophy, n/a(n/a). doi:https://doi.org/10.1111/jopp.12233

Kost, D., Fieseler, C., & Wong, S. I. (2020). Boundaryless careers in the gig economy: An oxymoron? Human Resource Management Journal, 30(1), 100-113. doi:https://doi.org/10.1111/1748-8583.12265

Sissoko, C. (2007). An Idealized View of Financial Intermediation. ECONOMICS : THE OPEN-ACCESS, OPEN-ASSESSMENT E-JOURNAL.

Wood, A. J., Graham, M., Lehdonvirta, V., & Hjorth, I. (2018). Good gig, bad gig: Autonomy and algorithmic control in the global gig economy. Work, Employment and Society, 33(1), 56-75. doi:10.1177/0950017018785616

 

Dr. Tamaro Green is a computer science researcher and the founder of TJG Web Services.  TJG Web Services, LLC is a consulting firm in the field of information technology.  Dr. Green writes on topics of privacy, security, and ethics in information technology and computer science.

TJG News Editorials are opinion pieces and do not necessarily express the opinion of TJG News.  To publish editorial pieces in TJG News send an email to editor@tjgnews.com.