Here are some collected thoughts on the changing nature of work and shifting wealth creation.
Platform capitalism is beginning to define the economy for the second Gilded Age we seem to be entering. It requires 4 contributing factors, which when combined, create a perfect opportunity for the ‘uberization’ of almost any industry.
- A platform: a mobile application delivered through an oligopoly like iTunes or Google Play.
- A critical mass of users: upwardly mobile knowledge workers, especially those in Silicon Valley or the tech sector.
- Desperate service providers: people with no ability to organize due to weak or non-existing trade unions in their field, who see opportunities for better cash flow.
- Lack of regulations and oversight: bureaucracies that either cannot keep up with technology advances, or political leadership that condones poor working conditions in the name of progress.
