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How Much Are Your Volunteer Hours Worth? Social Capital Scrip & the Financial-Tech Experiments with New Forms of Precarious Employment

Reposted with permission from Wrench in the Gears. Original Title: “Social capital” scrip? Fin-tech experiments with new forms of precarious “employment If you consider most activities are awarded 200 points, the per-hour rate of compensation is at most $2 (presuming the … Continue reading How Much Are Your Volunteer Hours Worth? Social Capital Scrip & the Financial-Tech Experiments with New Forms of Precarious Employment

A World Without (Much) Work: Building Sanctuary Part 2

Reposted with permission from Wrench in the Gears. The future is uncertain and unlikely to play out exactly as described. Nevertheless, we must begin to comprehend how technological developments combined with concentrated power and extreme income inequality are leading us to … Continue reading A World Without (Much) Work: Building Sanctuary Part 2

The Comforting Lie of Basic Income and the Unpleasant Truths about the Platform Economy

The powers that be have big plans for remaking the economy. Unfortunately, it doesn’t include living wage jobs or security of any sort for a vast number of citizens. Amazon’s Mechanical Turk is a sobering example of what’s in store … Continue reading The Comforting Lie of Basic Income and the Unpleasant Truths about the Platform Economy