[jack_tripper]

>The gig economy is hiding the real employment problem in most of the West.

This. Jobs that were previously contract employment jobs that came with health insurance, workers rights and social security and were mostly taken by youth as part time jobs to fund studies, are now turned into gig jobs where you get none of those things and are mostly taken by migrants who live 10 in an apartment and send the money home.

Gig work used to mean that you have several customers you bounce around for doing part time gigs, not you work full time for the same tax dodging Amsterdam based food delivery company who doesn't want to hire local workers on employment contracts to evade labor laws and liabilities.

How does this benefit society? It only benefits the capital owning class. Why isn't the government regulating this gig industry abuse? It's literally what its job is.

[immibis]

The capital-owning class is society. Don't you have a 401(k)?

[reb]

As usual, size matters. Equating typical 401(k)s with the economic activity of the class GP is referring to is... absurd.

But pretending small-time participation in public markets is the same as billionaire participation in private markets is a great way to convince the lower classes our financial system isn't structured to move wealth away from them.