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Economy & Finance

Raw Deal

Economy & Finance

Raw Deal

Steven Hill

The nation faces a critical decision: embrace a modernized New Deal that prioritizes worker protections and economic stability or continue down the precarious path of the sharing economy, which exacerbates inequality and instability. Addressing systemic issues, such as the misuse of semi-independent contractors and the exploitation of government assistance programs by corporations, is essential to prevent further economic decline. Drawing inspiration from countries like Germany, the U.S. could adopt strategies that emphasize job security, fair wages, and shared sacrifices during downturns to avoid layoffs and foster economic resilience. The sharing economy, often celebrated as innovative, has revealed its darker side, with platforms like Airbnb and TaskRabbit exploiting workers and bypassing regulations, while companies like Uber manipulate legal loopholes to maximize profits at the expense of their workforce. Automation further threatens high-skilled jobs, while the erosion of labor protections and the rise of the 1099-economy leave many workers vulnerable, undermining the middle class and the broader economy. To ensure long-term stability, the U.S. must prioritize stable, well-paying jobs and robust worker protections.

11 min

7 Bite

Wgląd

O czym to jest?

The book explores the critical juncture the modern economy faces, examining the stark contrast between a revitalized New Deal prioritizing workers and the precarious trajectory of the sharing economy. Through a detailed analysis of gig platforms like Airbnb and Uber, it reveals how these systems exploit legal loopholes, erode labor protections, and perpetuate economic instability. By drawing comparisons to successful worker-centric policies in countries like Germany and Sweden, the narrative underscores the urgent need for equitable reforms to ensure economic resilience. This is a compelling call to action for safeguarding the future of work and the broader economy.

Streszczenie książki

Steven Hill is a senior fellow at the New America Foundation. His writing has appeared in the New York Times, the Guardian and the Huffington Post, and his best-selling books include the widely acclaimed Europe’s Promise.

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Wszystkie kęsy

7 Bites

Exposing the Hidden Costs of the Sharing Economy

Exposing the Exploitation Behind the Sharing Economy

The Hidden Costs of the 1099 Economy

Exploiting Desperation: The Hidden Cost of Gig Work

Automation's Hidden Threat to Skilled Jobs

Reviving Prosperity: Protecting Workers, Saving the Economy

Rebuilding Prosperity: Workers First, Economy Strong

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