"The people who have capital will just keep getting richer."

Dec 2011
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Airbnb and Uber are the next frontier in the struggle between capital and labor - Quartz
People making money from such platforms are younger than the general population—roughly a third are between ages 25 and 35—and disproportionately live in the West. On labor platforms, they’re also a good bit poorer. The median monthly income for labor workers in 2015 was $2,514 compared to $3,218 for people using capital platforms. For JPMorgan Chase’s full study sample (a million people, including those who didn’t have earnings from online platforms), the median monthly income was $2,837.

In other words, Americans who already have more money and stuff to spare also have a leg up in the new digital economy. “On the margin it is helping people who already have assets earn a little more income,” says Diana Farrell, CEO of the JPMorgan Chase Institute. Lower income people who turn to companies like Uber, Lyft, and TaskRabbit are basically treading water.

The biggest promise that the gig economy has made to typical Americans is that it will help get them on their feet by expanding their earning opportunities. Airbnb calls itself an “economic lifeline” for middle-class families. Uber has found that working on its platform “provides an important source of income for driver-partners.” The JPMorgan Chase study partly bears this out: Both types of online platforms help people to weather income volatility.

But will the sharing economy do much for severe income inequality in the US? Probably not. If this new study is any indication, the people who have capital will just keep getting richer.
Down with the working class! Ain't I right, Conservatives? :f_doh:
 
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