Good points. They highlight that current low-wage gig workers are getting screwed now. My point is that huge swaths of America, 50 million or more, across wage ranges, could benefit from a situation where they are freelancing and purchasing benefits themselves. I think we could be on a path to something new and system-level. In this situation, lenders would have to reconsider their criteria/processes, and new data instruments would emerge to measure people’s credit worthiness.
I really don’t think that we should be so wed to the status quo that we are ignoring the potential benefits of adding choice and freedom to millions who are looking for it, regardless of class.