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The Gig Economy is Ripping Out Floor Below Middle Class

Posted On: May 27, 2016

May 27, 2016 | ECONOMY | …In what's called the gig economy, companies like Uber hire people to use their own cars as taxis; property owners use firms like AirBnB to rent homes and rooms; and the well-off use firms like Instacart for on-demand shopping. While this may seem to offer more freedom of choice to all, some say the gig economy not only erodes wage-based work and benefits, it poses systemic risks to the economy as income becomes more erratic. alternet.org