Has the gig economy or more importantly the tech industry helped or hurt the economy overall?

[Ethnic Vagina Finder]

their competitors have been reduced or made obsolete taking jobs away. The biggest winners are the view higher ups within said companies or investors. The higher paying tech jobs have led to gentrification being intensified which has led to housing inflation.

The gig workers at the bottom fight for scraps. And because there are an abundance of them, the positions are even more disposable. There's no continuity.

And traditional companies/small businesses, have to contend with companies like Amazon who while working conditions are less appealing, start between $15-$18 an hour have they have little to know hiring standards. Uber/Lyft literally revolving doors. Then you have other platforms like social media that entice potential workers.

Which brings me to the point of the thread topic. The overall work model is too unstable. Workers don't even quit anymore, they just stop showing up because they know they can easily find a job that pays at least $13 an hour. Imagine if the minimum wage was $15. It would probably be worse. People will leave because every job starts at $15.


Just a thought

 

[Cereal_Bowl_Assassin]

As someone that works in tech and benefits highly off of it I agree 100%. Im just trying to get what I can invest and then get out cause this economy is getting crazy.

 

[Conan]

Traditional companies have gotten away with underpaying workers for too long. It's great that they are being forced to step their game up or go under.

I'm not sure why anyone would be in favor of worker exploitation. This is not the 1890s.

 

[Uitomy]

Idk about tech but one thing I find funny is that wherever rich people go it’s almost like they increase the poverty in their city lol

 

[Ethnic Vagina Finder]

Traditional companies have gotten away with underpaying workers for too long. It's great that they are being forced to step their game up or go under.

I'm not sure why anyone would be in favor of worker exploitation. This is not the 1890s.

But companies like Amazon do the same thing, but on a grander scale. The key difference is that in the past, employers at traditional businesses were willing to pay more to retain good workers. Not anymore. Why? Because the job market is flooded with people who job hop all the time so they can always find a replacement. But because they also job hop, it’s hard to retain people. Why?

Because 9 times out of 10, an perspective employee has another job and they’re not looking for a commitment.

 

[Conan]

But companies like Amazon do the same thing, but on a grander scale. The key difference is that in the past, employers at traditional businesses were willing to pay more to retain good workers. Not anymore. Why? Because the job market is flooded with people who job hop all the time so they can always find a replacement. But because they also job hop, it’s hard to retain people. Why?

Because 9 times out of 10, an perspective employee has another job and they’re not looking for a commitment.

I don't think that's a completely accurate statement. Traditional businesses have usually fought increases in minimum wages and enforcement of worker welfare standards.

Yes Amazon has had to be bullied into raising their pay as they're more sensitive to national public opinion, so I'm not granting them the moral high ground. You're right on this.

But ultimately, IMO, it's easy to retain workers. Pay them well, and treat them well. I've been at my job for over 10 years (rarity) because I'm treated well, benefits are great, and easy work conditions. I'm hesitant to leave because I know the grass ain't always greener on the other side.

But if your current job is shyt, or just ok, of course I'm gonna have an eye out for the next opportunity and once I get it, it's deuces

 

[Conan]

Idk about tech but one thing I find funny is that wherever rich people go it’s almost like they increase the poverty in their city lol

They raise the cost of living so in a way you're right lol

It doesn't have to be this way though.