Raw Deal: How the "Uber Economy" and Runaway Capitalism Are Screwing American Workers Discount !!

Title : Raw Deal: How the "Uber Economy" and Runaway Capitalism Are Screwing American Workers
Category: Economic Conditions
Brand: St. Martin's Press
Item Page Download URL : Download in PDF File
Rating : 4.5
Buyer Review : 34

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"What's going to happen to my job?"

That's what an increasing number of anxious Americans are asking themselves.

The US workforce, which has been one of the most productive and wealthiest in the world, is undergoing an alarming transformation. Increasing numbers of workers find themselves on shaky ground, turned into freelancers, temps and contractors. Even many full-time and professional jobs are experiencing this precarious shift. Within a decade, a near-majority of the 145 million employed Americans will be impacted. Add to that the steamroller of automation, robots and artificial intelligence already replacing millions of workers and projected to "obsolesce" millions more, and the jobs picture starts looking grim.

Now a weird yet historic mash-up of Silicon Valley technology and Wall Street greed is thrusting upon us the latest economic fraud: the so-called "sharing economy," with companies like Uber, Airbnb and TaskRabbit allegedly "liberating workers" to become "independent" and "their own CEOs," hiring themselves out for ever-smaller jobs and wages while the companies profit.

But this "share the crumbs" economy is just the tip of a looming iceberg that the middle class is drifting toward. Raw Deal: How the "Uber Economy" and Runaway Capitalism Are Screwing American Workers,by veteran journalist Steven Hill, is an exposé that challenges conventional thinking, and the hype celebrating this new economy, by showing why the vision of the "techno sapien" leaders and their Ayn Rand libertarianism is a dead end.

In Raw Deal, Steven Hill proposes pragmatic policy solutions to transform the US economy and its safety net and social contract, launching a new kind of deal to restore power back into the hands of American workers.

Review :
The 'New Deal' is a 'Raw Deal' for Workers
Having worked as a cross-country truck driver for the last decade or so, I've observed several trends adverse to the 'little guy' (drivers). One exception is that a number of companies are switching from paying on a 1099 (driver is an 'independent contractor,' responsible for paying self-employment taxes, and receiving no benefits - overtime, disability, paid sick, holiday or vacation leave, retirement, unemployment insurance) to a W-2 basis, so at least the driver isn't hit so hard by the self-employment tax; some are even providing a semblance of benefits (vacation, subsidized health care). On the other hand, there has been an increase in 'owner-operators,' who by virtue of owning/leasing their own truck become responsible for maintenance (an encouragement to take better care of the truck, and improve fuel economy), as well as keeping the truck moving so as to cover lease/purchase requirements. Another problem for most drivers - they're paid by the mile, regardless of road...
Terrific analysis of the "sharing" economy

Terrific analysis of the "sharing" economy. Author identifies that only the few are benefiting from this sharing -- and it is not those who do the work. Has sound suggestions for making it right.

A Critique of the Gig Economy Misses the Mark
As Bill Steigerwald wrote in the April edition of Reason magazine, I've worked for Travis Kalanick for more than a year, but I've never met him. Technically, he's not my boss and I'm not his employee. I'm one of North America's 400,000 independent "1099" contractors with Uber, the company Kalanick co-founded and runs. In 2015, working in Pittsburgh three or four nights a week, I made nearly 2,200 Uber trips, carried more than 4,500 passengers, and put about 20,000 scratch-free Uber miles on my wife's 2013 Honda CRV. Subtracting expenses for gas and wear and tear on Pittsburgh's infamously pot-holed roads, I netted about $15,000 for the year.

This is the best part-time job I've had in a career of them. I have no bosses, I have no schedule, and I work when, where, and how long I choose. It's the perfect gig for an ex-newspaperman who's writing a book and whose income streams also include Social Security, a pension, and freelance writing. Every time I go to work, I...