What Work

Uber and Lyft, in response to a California court ruling that all drivers must be reclassified as employees with benefits, are threatening to quit doing business in the state. Putting the news, and the legal posturing of Uber and Lyft aside, the judgment and its possible impact on other gig-economy companies that rely on independent contractors will … Continue reading What Work

On tech-enabled labor arbitrage

“It’s amazing how many celebrated startups have been revealed as essentially labor arbitrage schemes disguised as cool new apps. A decade of high-frequency trading algorithms, but instead of tightening bid-ask spreads on oil futures they just find the lowest possible clearing price for human work.” Kevin Roose, New York Times columnist on Twitter. The above … Continue reading On tech-enabled labor arbitrage

The Price is Right

I have to admit, it is great to see the initial public offerings of various technology companies come to market and create a level of excitement. Lyft, Uber, and Pinterest are hogging the headlines, but they are also helping to kickstart the financial engine that makes Silicon Valley hum. Of course, not everyone is enthusiastic. … Continue reading The Price is Right