Robert Reich describes how more businesses are skirting labor laws by employing so-called “independent contractors” working irregular hours for unpredictable pay.
It’s the biggest change in the American workforce in over a century, and it’s happening at lightning speed. It’s estimated that in five years over 40 percent of the American labor force will have uncertain work; in a decade, most of us.
…Whether we’re software programmers, journalists, Uber drivers, stenographers, child care workers, TaskRabbits, beauticians, plumbers, Airbnb’rs, adjunct professors, or contract nurses – increasingly, we’re on our own.
And what we’re paid, here and now, depends on what we’re worth here and now – in a spot-auction market that’s rapidly substituting for the old labor market where people held jobs that paid regular salaries and wages.
Bottom line: the 1 Percent want to rake in nearly all the profits from this economy while shifting a much bigger proportion of the risk onto workers. They have combined 21st Century information systems with 19th Century labor practices. So far, they are getting away with it.