Economics

Techno-Serfs or Uber-Achievers? Gig Work’s Labor Impact

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Uber Technologies Inc., Lyft Inc. and other sharing economy firms say they’re providing flexible opportunities to millions of workers. Arguing in the other direction, critics say they’re riding roughshod over labor rights. Who is correct? For now, the evidence suggests the sharing economy is more boon than blow to workers, according to Bloomberg EconomicsBloomberg Terminal. Gig work gives low skill workers a flexible earnings opportunity that strengthens their hand in wage negotiations. Big-data studies show driving for a ride-sharing platform also helps workers manage through shocks like job-loss.