Elizabeth Warren attacks the “gig economy”

Elizabeth Warren attacks the “gig economy”

Warns against giving up worker’s rights

Elizabeth Warren recently spoke out against the “gig economy,” a new wave of jobs with companies like Lyft and Uber. She said that although the jobs can be appealing because you set your own hours and are your own boss, they also undermine all the hard work we have done over the decades to shore up workers’ rights.

While praising the jobs’ “flexibility, independence, and creativity,” Warren warned that “the gig economy is simply the next step in a losing effort to build some economic security in a world where all the benefits are floating to the top 10 percent.”

Warren welcomed disruptive industries, but urged employers to “rethink the basic bargain for employees, contract workers, and gig workers.” She then went on to note that the “gig economy” didn’t create new problems, it simply recycled old ones that have been with us since the Industrial Revolution. What companies like Uber offer in terms of flexibility and independence, they lack in terms of benefits or job security.