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jerryking : inconsistent_incomes   3

What the Tax Bill Fails to Address: Technology’s Tsunami -
DEC. 20, 2017 | The New York Times | Farhad Manjoo.

Manjoo posits that the Republican tax bill is the wrong fix for the wrong problem, given how tech is altering society and the economy....The bill (the parachute) does little to address the tech-abetted wave of economic displacement (the tsunami) that may be looming just off the horizon. And it also seems to intensify some of the structural problems in the tech business, including its increasing domination by five giants — Apple, Amazon, Microsoft, Facebook and Alphabet, Google’s parent company — which own some of the world’s most important economic platforms.....some in Silicon Valley think the giants misplayed their hand in the legislation. In pursuing short-term tax advantages, they missed a chance to advocate policies that might have more broadly benefited many of their customers — and improved their images, too......This gets back to that looming tsunami. Though many of the economy’s structural problems predate the last decade’s rise of the tech behemoths, the innovations that Silicon Valley has been working on — things like e-commerce, cloud storage, artificial intelligence and the general digitization of everything and everyone around you — are some of the central protagonists in the economic story of our age.

Among other economic concerns, these innovations are implicated in the rise of inequality; the expanding premium on education and skills; the decimation and dislocation of retail jobs; the rising urban-rural divide, and spiking housing costs in cities; and the rise of the “gig” economy of contract workers who drive Ubers and rent out their spare bedrooms on Airbnb....technology is changing work in a few ways. First, it’s altering the type of work that people do — for instance, creating a boom in e-commerce warehouse jobs in large metro areas while reducing opportunities for retail workers in rural areas. Technology has also created more uncertainty around when people work and how much they’ll get paid.
Farhad_Manjoo  preparation  job_loss  job_displacement  Silicon_Valley  tax_codes  corporate_concentration  platforms  income_inequality  short-sightedness  e-commerce  cloud_computing  artificial_intelligence  gig_economy  precarious  automation  uncertainty  universal_basic_income  digitalization  Apple  Amazon  Netflix  Microsoft  Facebook  Alphabet  Google  inconsistent_incomes  Big_Tech  FAANG 
december 2017 by jerryking
Gig economy is not watching out for the wellbeing of workers
"There is no utopian world where the gig economy provides for the worker, where everyone can magically create their own software, or where the government provides benefits to gig workers -- as if getting Congress to pass such controversial and costly reform can be done at the snap of Mr. Harford's fingers!" ...."He encourages everyone to be a "supermodel", using Linda Evangelista as a poster child for stating that she would not "wake up for less than $10,000 a day" when most of the workers he is talking about hardly have an autonomy or stability whatsoever."...."Uber's high revenues do not translate to drivers' earnings"......Without an employer providing benefits and watching out for an employee's wellbeing, both mentally and financially, gig workers are leaving their families and their futures exposed"
letters_to_the_editor  Tim_Harford  gig_economy  precarious  freelancing  self-employment  independent_contractors  employee_benefits  Uber  Pablo_Picasso  inconsistent_incomes 
august 2017 by jerryking

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