The powers that be have big plans for remaking the economy. Unfortunately, it doesn’t include living wage jobs or security of any sort for a vast number of citizens.
Amazon’s Mechanical Turk is a sobering example of what’s in store for workers in the coming platform economy. A recent study found 3.8 million jobs had been completed by 2,676 workers using the MTurk platform as an intermediary between employer and employee. Of this sample, the median hourly wage for most workers was $2/hour, with only 4% of the total workers able to earn more than $7.25/hour.
No wonder the technology monopolists […]
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