Is The Gig Economy A Win Solution For The Jobs? Essay

AOL engaged in what is called “micro-tasking”, and is believed to revolutionize the virtual workforce. Micro-tasking is what Daniel Maloney, an AOL executive, applied when he was faced with inventorying a vast video library. He broke the large job into small pieces and utilized a crowdsourcing IT platform, Mechanical Turk, in order to describe each task that he required to be done. Each worker was asked to find web pages containing a video and identify the video’s source and location. The project started within a week and completed in a couple of months. The total labor cost was as low as it would‘ve been to hire two man-month

Supporters argue that outsourcing has a minimal effect on job losses, and has increased economic growth in some cases. In actuality, outsourcing has decreased the domestic economy by decimating job opportunities and lowering wages. Steven Pearlstein, economics columnist for the Washington post reaffirmed arguments that outsourcing has decreased employment availability and stability of the economy by saying “There are growing numbers of people who think that what started as a sensible, globalized extension of sending some work outside a firm to specialized companies may in fact be creating long-term structural unemployment in the United States, hollowing out entire industries”. (Pearlstein 3) The IT industry has been especially affected by outsourcing, with many jobs moving overseas to India and Bangladesh, leaving employees in the United States without a job, unable to compete with lower wage offerings. Supporters of outsourcing argue that this business strategy increases everyone’s productivity, raising everyone’s income, and boosting economic growth. Many such studies tend to focus on large multinational corporations, for which the data and anecdotes are more readily available. And indeed, during the 1990s, the data seemed to show that for every one job added abroad, companies added almost two new

Despite that an excessively excellent image of outsourcing was provided to individuals one or two of years back, the truth check they were confronted with shattered the dream badly. Recent statistics reveal that over four-hundredth corporations are concerned either in experimenting or are already engaged in shifting their services overseas in search of low-cost labor and services that are being provided by countries like China and Bharat. Such efforts have left native market labor at extreme disadvantage wherever they're finding it vastly tedious to create each ends meet, leave behind the back-breaking burden of taxes they're being obligatory to. With over four-hundredth major company executives registering their opinion by discouraging the method of outsourcing the controversy that was antecedently being won by the

Rather than allowing a massive reduction of working hours to free the world’s population to pursue their own projects, pleasures, visions, and ideas, we have seen the ballooning not even so much of the “service” sector as of the administrative sector, up to and including the creation of whole new industries like financial services or telemarketing, or the unprecedented expansion of sectors like corporate law, academic and health administration, human resources, and public relations.

Outsourcing of American jobs overseas is displacing American's in the United States. American blue-collar workers and the Middle Class American will soon be a word of the past if the US government continues outsourcing the low-skill jobs overseas.

     The exporting of American jobs is an issue that is important and will become increasingly so as more and more white collar jobs are shipped overseas. American companies in the past few decades have been sending American jobs overseas paying residents of other countries pennies on the dollar what they had paid American workers to do. This saves the companies millions of dollars on labor costs but costs Americans precious jobs.

Carrie Gray said, "We think what's happening is every company is becoming a tech company. Companies across the U.S. are relying more on technology, and in turn, smaller cities are now these unexpected tech hubs." That's a position that seems easy to support. As businesses shift to a digital environment where consumers need to be engaged through social media or the Internet, it has opened up jobs in software development, digital marketing, mobile app development and web design. It's a trend that has been developing over the past 10 years, and it seems to be moving full seed

If these trends continue, it would not only mean the gradual downfall of the United States’ human-occupied manufacturing sector, but would spur the decline of a huge middle class job market. Over 12.3 million Americans are employed in industry, therefore; the astonishingly fast escalation of a technology monopoly in the workforce is a threat to be reckoned

In today’s society, outsourcing has become a very critical and controversial issue to companies and other countries. Outsourcing is known as offshoring as an organization’s use of an outside organization for a broad set of services. As technology continues to grow and advance more, outsourcing becomes more popular. Many American white collar jobs are being taken over by foreign countries around the world. Almost every occupation or career in the United States has some effect of the outsourcing. As a result, many Americans become unemployed and financially challenged; being that outsourcing can increase the United States unemployment rate. Employees who live in the US rather keep jobs in the country to create more opportunities. On the other hand, few stakeholders

Those living in the United States of America are experiencing some economically dark times. Unemployment is becoming increasingly worse. Social programs are failing. Prices everywhere are on the rise as wages are declining drastically. Class division has never been more distinct. Of those lucky enough to have secured the multiple jobs needed in order to maintain their subsistent existences, most make only a minimum wage, established by their state’s laws, which is then harshly taxed upon. Life is hard enough in our dying superpower of a nation, but even worse for the work force of America that must survive on minimum wage. It is an offending disappointment that our fellow countrymen and women must live the way they do. This raises a

Actual express authority, this principle provides that the principle (Uber) enters an explicit agreement with the agent (drivers) to take part in a given action such as giving orders for them to transport people from one point to the other.

1.0 INTRODUCTION “Today’s strange, new business world needs an augmented model of industry and market analysis that reflects recent developments in industry dynamics, such as globalization, entrepreneurship, technological advances and the internet” (Slater & Olson, 2002).

In the past decade the topic of outsourcing has become a heavily debated subject on if it is ethically correct to outsourcing jobs to foreign countries. Outsourcing has become more and more an option for many companies and not just an economic fad. The decision to outsource is a difficult one for any company to make because there are many advantages and disadvantages to consider. The decision to outsource affects many people, communities, and industries so if a corporation decides to outsource they must consider how it will affect human dignity, the common good of the economy, and subsidiary.

Similar to centralised inventory data, orders and payments, cloud-based accounting and reporting give the company the ability to perform accounting and reports for all shops at central location using single system.

Many employees, especially those of Generation Y, are uninterested and dissatisfied with the traditional 9am-5pm Monday to Friday work routine and exhibit an increasing need for flexible and diversified work (Friedman, 2014). Others, unable to secure full-time employment in the continuously challenging labour market, have turned to freelance work out of necessity. Regardless of the motivation behind freelance work, it is indubitable that this mode of work is rapidly growing in conjunction with the emergence of digital freelance marketplaces. Employees are progressively reshaping their careers with these opportunities by working on a task-by-task basis for different employers concurrently, a trend that has been termed the “gig economy” (Friedman, 2014). The Ernst & Young (2016) report states that globalisation and the fallout from the financial crisis are fuelling the “gig economy”, with a 66% increase of contingent/freelance workers in the past 10 years (Storey, Steadman & David, 2016). As of early 2015, 4.1 million Australians were recognised as part of the Australian “gig economy” which made up 32% of the Australian workforce (Storey, Steadman & David,