Is the gig economy working?

Absolutely not. &quot;Working&quot; would require at least <i>something</i> to go well: well-compensated workers, high profits, technical innovation, a diversified market -- <i>something</i>! Instead we&#x27;ve got 1099 contractors making barely minimum wage, lawsuits instead of self-driving cars, local taxi companies being driven out of business. And to top it all off, the &quot;unicorns&quot; like Uber are <i>not even profitable</i>. It&#x27;s just VCs spending their own money to wreck up existing markets instead of creating a viable business.

It&#x27;s set up a bunch of middle men, but undercuts local businesses and leads to a lot of desperate and impoverished workers. When you create a just-in-time labor system, this creates a huge amount of stress for workers, as their hours and wages are unpredictable. This is fine if you don&#x27;t need the money or are just supplementing a full-time income. But you can&#x27;t live that existence if you have fixed bills and want to have a stable middle-class existence

I feel like the gig economy would work better in a socialized healthcare system.

I&#x27;ll go with Betteridge&#x27;s law of headlines: NO.