Is the gig economy the mass exploitation of millennials?
The answer is, “yes, probably”.
The 'sharing economy' and 'gig economy' are nothing of the sort. They're a problematic and highly disingenuous way for employers to not care about the people who create value in their business.If the living wage is a pay scale calculated to be that of an appropriate amount of money to pay a worker so they can live, how is it possible, in a legal or moral sense to pay someone less? We are witnessing a concerted effort to devalue labour, where the primary concern of business is profit, not the economic wellbeing of its employees.
The problem, of course, is late-stage capitalism:The employer washes their hands of the worker. Their immediate utility is the sole concern. From a profit point of view, absolutely we can appreciate the logic. However, we forget that the worker also exists as a member of society, and when business is allowed to use and exploit people in this manner, we endanger societal cohesiveness.
And the alternative? Co-operation.The neoliberal project has encouraged us to adopt a hyper-individualistic approach to life and work. For all the speak of teamwork, in this economy the individual reigns supreme and it is destroying young workers. The present system has become unfeasible. The neoliberal project needs to be reeled back in. The free market needs a firm hand because the invisible one has lost its grip.
Source: The Irish Times