RE: Automation Happening Right Under Our Noses...And We Missed It
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It coincides with California Passing more stringent laws regarding what "gig work" actually is. In February the job I had tried to transfer me to being a gig worker and I declined, I wanted to benefits of being an employee (or a raise to monetize the rights I was being forced to forfeit). I ended up jobless, "knowing" that I would be called back in a few weeks as the office was a mess and I kept it together.
I was wrong, covid wiped out the need for the office I was working in, and the industry shows no signs of making a comeback.
I know now, that the gig work law is going to be buried. Just because it exists doesn't mean that it will be enforced.
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Entire industries are being decimated; this is something that we have not really seen before.
The truth is the employment situation was too overstaffed anyway. Companies were reluctant to let people go during good times because of the PR hit. Now, they are realizing, if their industry is still standing, they can get by with a lot less employees.
Automation was probably sped up a couple years due to COVID.
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So my perspective on big companies, working for 2 billion + public companies, is that headcount has only to do with their position in the market i.e. shareholder price or their market cap relative to their revenue. When Market cap and revenue come close for large public companies, they risk being bought up by PE and get restructured because often times industries won't let brands go to waste.
I think gig work law shouldn't really apply because it's the introduction to decentralization from a mainstream perspective. Government subsidizing gig law is a means to an end for eliminating other revenue generators for the gov, such as making it easy for gig workers for uber means less taxi's that they sold 100k medallions for.
I think gig jobs will end up moving to a decentralized self governing model eventually and not too long from now as well
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