The Dark Side of the Trust Economy

While we’re all celebrating the coolness of the “trust economy” – you know, those services like airbnb and Uber – someone asks a pretty good question:

“It all sounds great, at least according to the fawning sycophants who provide all of us out here in the provinces with such worshipful coverage of the amazing achievements of the Techno-Demigods. And it is great as long as you don’t bother to ask (or care) whypeople are suddenly employing themselves as improvised innkeepers and taxi drivers. After all, does anyone really want to let some strangers stay in their home for a few bucks? To drive some trust fund asshole to the airport on Saturday after a 45 hour week? I doubt it. People turn to the “Trust Economy” because they’re somewhere between financially stressed and desperate. They don’t make enough or they’re without any steady source of income at all. They do it for the same reason that people go to work at a temp agency or loiter in a Home Depot parking lot to do day labor: because they have no better options…

It’s remarkable how many of the recent Big Developments from the omniscient men of the Valley have managed to make the lives of the well-off easier without actually creating any jobs that pay a livable salary or have benefits. Oh, and they convince the media to cover these breakthroughs in a way that makes it sound like they’re doing you a favor. You’re free at last, free at last. Say goodbye to the chains of full time employment and hello to the boundless freedom of working piecemeal, making phone calls on Mechanical Turk for a quarter and driving Damon the Junior Content Developer to the airport so he can spend the weekend in Cozumel with his frat bros.”

How’s that for some cold water on yet another new-economy-shiny-thing?

Thanks to Lex for the pointer to what promises to be another time-sucker of a blog to follow.

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