![]() But gig work is as old as this country.Īmerica was built on people - literally on people, who moved from job to job with low pay (or no pay at all). It’s like how that WeWork guy convinced us he invented office space. Lots of us think the gig economy is a new idea, because tech bros told us it is. And yes, I guess you could call that the hustle economy, but right now it's just a big-ass global recession that's eating up social stability.Instacart went on a hiring spree. Once this is over and the robots will move in to replace our jobs the world is going to be all-out Cyberpunk for everyone to see. Don't know how that will turn out, but I expect a fluttering inflation/deflation to kick in big time real soon now, for basically anyone on the planet, including us. ![]() that has some serious 20th/21st century-style updates.Īs for us here in Europe, we've just decided, much like in the US, to print another quadrobazillion Euros to keep the weak economies happy and this EU thing going. When the fecal matter has hit the rotary air impeller, as it basically is happening right now, I hope you guys can finally get some *real* reform through and come out with a U.S. Healthcare is a joke, wealth transfer is just about non-existant, the penal system is at level with Xingjang in China but not with true first world countries and the electorial system with its perpetual 2-party gridlock has become a democracy trainwreck. Looking across the pond it is absolutely clear that the U.S. We already have 10% decline in economic throughput, and the real wave of the German equivalent of "Chapter 11" hasn't hit us yet. However, I expect things to go further south even here. I'm out of a job but entitled to Level 1 unemployment support which gives me a cushy 65% of my last post-tax salary which I'm using to up my skills and get some certifications. I'm in Germany and we're doing pretty good right now, because we actually have a working social market economy. I expect a measurable amount of this type of problem to ripple around the globe within the next 24 months. Tens of millions without a job in the U.S. Why don't you just call it what it is? An economic crash. they are not always doing the heavy lifting, outside of maybe Amazon. It is a legitimate and necessary scam, but it is like Amazon, EBay, Uber, etc. We had family freinds who were bankrupt overnight because they depended on people paying for inefficient service, and making a bundle in the process.Īll of these are the scam, charges huge fees to connect customers and providers. This is not unlike when I was in college and the entire economy imploded mostly because of efficiencies delivered by computing resources. Competitors come in, pricing changes, market needs change. ![]() Most small business owners I know, especially service providers, have to switch models every few years because the market changes. I mean these people keep your money hostage until you pay a ransom. Then fees to get your money to your account so you can use it. Plus additional fees to pay for their ârobust billing structureâ(TM). Credit card processing fees that can be 30%. Teachable, which lets people make and sell online courses, signed on 14,000 new creators between March and July, and in July reported its first quarterly revenue over $10 million.ĭidnâ(TM)t we just have a round of complaints about Apples 30%? Etsy logged 115,000 new sellers in the first three months of the year, more than double the past two years' user growth. OnlyFans reported daily six-figure sign-ups on its popular cam site. It wasn't just Patreon, either, which added more than 100,000 new users between mid-March and July. What else could I do about it?" Then, in the second week of the shutdown, during a pro-bono consultation with a local business advisor, she was asked if she'd ever considered a Patreon.Īs the consultant explained, the digital-subscription platform - once home mainly to YouTubers and podcast hosts - had also become an ad hoc safety net for thousands of teachers, cashiers, line cooks, and hairstylists who lost work with the onset of stay-at-home orders. ![]() "I had nothing, literally nothing," Briggle said. Her bills totaled more than $3,000 per month, and it wasn't as if she could give massages from home. But when Texas Governor Greg Abbott closed businesses statewide on March 21, Briggle realized in an instant it could all be over. She grew the operation from a pop-up in her house to a mini-empire with a wall of local "best of" awards. It kept her from eating in the first week of the Covid-19 shutdown when she lost six pounds fretting over the sudden collapse of the business she'd built up her "entire adult life." For seven years, Briggle has owned a massage studio called Soma in Denton, Texas. An anonymous reader shares a report: "We have nothing to sell besides physical touch." The thought jarred Amber Briggle awake some nights. ![]()
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