Platform Capitalism

> Subjecting workers to a national (or even global) reverse auction of wages and work conditions—where they are under constant pressure to perform tasks faster, and for less, than rivals will—is a recipe for exhaustion and poverty for those unlucky enough to be trapped in the platform matrix. Moreover, it is also a prelude to deflation and economic collapse, as precarious work provokes a twenty-first century revival of Keynes’s paradox of thrift. Why would anyone subject to the danger of constantly declining wages spent more than minimally? And as that frugality becomes widespread, how can whole economies avoid shrinkage? [source](

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