Shared Economy Optimism in the Age of Capitalism

Shared Economy Optimism in the Age of Capitalism

Arun Sundarajan’s post overlooks so many vital aspects of shared economy labor. Chief among which is the fact that his research conveniently chooses “hourly wage” as its criteria and doesn’t take into account daily wage into account. This is an important point considering many shared labor platforms like Handy, TaskRabbit et al require the laborers to reserve 9-hour workdays during which they may potentially be hired. This means that they are at the whims of customer demand, algorithmic bias as well as platform popularity to be able to work. Their superior hourly wage is offset by the fact that most laborers don’t get to work a full 9-hour day, meaning their net income daily is much lower.

Obviously, the ground realities are much different. High-skilled manual laborers may earn more hourly wage but with lesser hours to work during a day, their eventual income is left at the whims of demand and platform algorithm.

Categories: Blog, NYU Labor in the Mobile First World