By: Susan Krauss Whitbourne Ph.D. Of Psychology Today
By: Jason Lemon of Newsweek
By: Ephrat Livni of QZ
No kid ever dreamed of growing up and driving for Uber or styling for Stitch Fix. In part, that’s because none of those companies existed when most of today’s adults were young. It’s also because, besides its much-touted “flexibility,” the gig economy isn’t much of a place to build a career. Instead, over the course of less than a decade, the self-described “tech companies” that connect people to gig work have managed to erode hard-fought labor protections in place for a century.
In Hustle and Gig, to be published in March by University of California Press, sociologist Alexandrea Ravenelle interviews 80 gig workers who are struggling, striving, and succeeding. She analyzes their stories in the context of US employment history and concludes that “for all its app-enabled modernity, the gig economy resembles the early industrial age…the sharing economy is truly a movement forward to the past.”
Although gig work was initially seen as a way to maximize worker freedom and create opportunities, it has, in its short history, proven corrosive. Ravenelle notes that a small percentage of people are making lots of money via side hustles, but they tend to be those who need it least. For example, she speaks to independent hoteliers in New York renting out rooms and apartments via AirBnB, including a corporate lawyer and a man with a chain of laundromats. Because they already had capital, have steady sources of income apart from their side gigs, and are willing to skirt rental laws, these two individuals are able to invest heavily in their “gigs” and create lucrative businesses.
Sadly, those who most need to work can find themselves trapped in a cycle of struggle. Ravenelle interviewed men and women signed up to do tasks on Task Rabbit—prior to its acquisition by IKEA—and who drove for Uber, for example. They were not employees and so had no health insurance, workers’ compensation protections, employer contributions to Social Security and payroll taxes, paid time off, family leave protections, discrimination protections, or unemployment insurance benefits.
Sometimes, this gig work also requires an initial outlay of capital. (My own neighbor just traded in her old vehicle for a new car, taking on thousands of dollars in debt so that she can make extra money driving for Lyft.) At the very least, a potential worker needs a smartphone and wi-fi service. Ravanelle’s book boasts an image inside of a young man in a park panhandling for $30 to activate his phone service so that he can start picking up work.
By: Katy Clifton and Harriet Brewis of Evening Standard
The donation brings the total amount raised to more than 600 million euros, after French billionaire Francois-Henri Pinault and major French oil and gas company Total both pledged 100 million towards the reconstruction.
Mr Pinault, married to actress Salma Hayek, is quoted in French media as saying he and his father, Francois, decided to donate to help with the “complete reconstruction” of Notre Dame.
The younger Mr Pinault is chief executive of international luxury group Kering, which owns brands such as Gucci and Yves Saint Laurent, and is the president of French holding company Groupe Artemis, which owns the Christie’s auction house.
By: Richard Partington of The Guardian
Millennials in advanced economies around the world are being squeezed out of the ranks of the middle class, including in Britain, as pay growth stalls and house prices skyrocket, according to the OECD.
The Organisation for Economic Co-operation and Development (OECD) said that for every every generation since the baby boom of the 1940s, across 40 major countries, the middle-income group had shrunk and its economic influence weakened.
The Paris-based organisation, which represents 36 wealthy nations around the world, but also included South Africa, China, Russia and Brazil in its analysis, said there had also been a noticeable decline in the living standards of middle-income families over the past three decades.
It said there were 15 countries where the middle class was now a smaller group than before the financial crisis; the group was defined as people whose earnings are between 75% and 200% of median national income. It also found that the top 10% of earners held almost half of the total wealth, with the bottom 40% accounting for only 3%.
The snapshot of modern life for middle class households around the world suggests that younger generations are increasingly being denied similar opportunities to their parents.
As many as 70% of the baby boomers – born between 1942 and 1964 – were part of the middle class in their 20s, compared with 60% of millennials – born between 1983 and 2002 – at the same point in life, the OECD said.
Murder is a a horrible crime and this one is being taken especially hard. The impact of Nipsey Hussle’s murder in South Los Angeles has left the community heart broken, frustrated, and angry, searching for answers. His loss has impacted the community so deeply because he was one of the bright lights working to reduce gang violence and bring peace. A philanthropist and role model, Nipsey Hussle was a Grammy Award nominee, business owner, supported a S.T.E.M. education center for inner city youth, remodeled the local school playground, and was about to meet with local law enforcement to help improve community relationships.
The murderers identity is not yet known, but not for long. There is an unanimous outcry and support for Nipsey’s murderer to be caught. Community residents, leaders, business owners, officials, celebrities, clergy and law enforcement are rallying together and sharing information to find out who took the life of such a positive contributor to the community, and why.
Hearts are broken and Nipsey Hussle is simply gone too soon.
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European politicians have voted to pass Article 13 and Article 11 as part of sweeping changes to regulation around online copyright. The European Parliament passed the legislation by 348 votes to 274.
Opponents had hoped for last-minute amendments to be made to the legislation, but failed to garner enough votes. Julia Reda, a German MEP representing the Pirate Party who opposes the copyright directive, said it was a “dark day for internet freedom”. Margrethe Vestager, European Commissioner for Competition, said the result was “great news”.
A vote on debating amendments – including an amendment to remove Article 13 and the Article 11 ‘link tax’ from the broader copyright legislation – was rejected by just five votes. EU member states now have two years to pass their own laws that put the Copyright Directive into effect.
Rapporteur Axel Voss, a member of the Christian Democratic Union of Germany, said the directive was “an important step towards correcting a situation which has allowed a few companies to earn huge sums of money without properly remunerating the thousands of creatives and journalists whose work they depend on”.
In a statement, YouTube said the final version of the directive was “an improvement” but that it remained “concerned” that Article 13 could have “unintended consequences that may harm Europe’s creative and digital economy”.
The International Federation of the Phonographic Industry, which represents the global record industry, welcomed the outcome of the vote. “This world-first legislation confirms that user-upload content platforms perform an act of communication to the public,” said CEO Frances Moore.
Robert Ashcroft, chief executive of PRS for Music, which collects royalties for artists, said the new rules are “about creating a fair and functioning market for creative works of all kinds on the internet”.
By: Ryan Mac
WhatsApp cofounder Brian Acton defended his decision to sell his company to Facebook for $19 billion and encouraged students to delete their accounts from the social network in a rare public appearance at Stanford University on Wednesday.
As one of the guest speakers for Computer Science 181, an undergraduate class focused on technology companies’ social impact and ethical responsibilities, Acton, a 47-year-old Stanford alum, explained the principles behind founding WhatsApp and his fateful decision to sell it to Facebook in 2014. In doing so, he also criticized the profit models driving today’s tech behemoths, including Facebook and Google, as well as the Silicon Valley ecosystem in which entrepreneurs are pressured to chase venture capital and large exits to satisfy employees and shareholders.
“You go back to this Silicon Valley culture and people say, ‘Well, could you have not sold?’ and the answer is no,” he said, referring to his decision to make the “rational choice” to take “a boatload of money.”
“I had 50 employees, and I had to think about them and the money they would make from this sale. I had to think about our investors and I had to think about my minority stake. I didn’t have the full clout to say no if I wanted to,” he continued.
Despite selling WhatsApp in a deal that made him a billionaire several times over, Acton’s negative feelings about Facebook are no secret. He departed in November 2017 after more than three years at the company following tensions surrounding the introduction of ads onto the messaging platform, something he and fellow cofounder Jan Koum vehemently opposed. (Koum announced he was leaving Facebook last April, amid reports he disagreed with the company’s plans for monetizing WhatsApp and its approach to user data and privacy.)