Week of December 30, 2018 — This Week in the Gig Economy
In this publication of This Week in the Gig Economy, we’re covering topics ranging from the large trends in the Global Labour Market and the latest developments with large gig economy companies. Without further ado:
Gig Economy Development
Canadians Uber drivers no longer have to travel to Netherlands to battle the tech giant
Until now if any Canadian Uber drivers wanted to get into a legal dispute with the company, they had to fly out to Netherlands to fight it. And as a cherry on top the cost of pursuing this route is at least US$14,500, which doesn’t include travel, accommodations, or counsel.
Well the golden days for Uber are now over.
The Ontario Court of Appeals ruling on Wednesday stated that company’s arbitration requirement is illegal and unconscionable.
This move could potentially jeopardize Uber legal position of classify its drivers as a independent contractors. More and more drivers will finally get an opportunity to indulge in a legal battler over employee benefit rights locally.
China’s ride sharing giant enters fin-tech world amid tight regulations
Ride-hailing giant Didi Chuxing has been going through several changes in the past few months. After an announcement of company-wide reorganization in December due to the concerns raised after the murders of two of its user. The Chinese unicorn has now rolled out of a suite of financial and insurance services in its mobile app for its drivers and users.
The services include health insurance, car insurance, credit and lending, wealth management and auto-financing options. The offerings have been integrated within Didi’s app, but they can also be accessed via a separate app, called Didi Finance. Prior to the nationwide launch, the in-app services were trialed in 10 cities, including Chongqing, Zhengzhou and Foshan.
A Didi spokesperson told TechNode the products are set up to focus primarily on “gig economy workers” and their families. App users can pay around RMB 20 each month for medical insurance, which is provided by ZhongAn, a Hong Kong-listed Chinese online-only insurance company.
Trends in the Labour Market
Robot’s won’t take all of our jobs, says the World Bank
The rise of automation has so far had a negligible impact on jobs at a global scale, the World Bank chief economist said, despite common gloomy predictions that humans are set to be replaced by machines.
“This fear that robots have eliminated jobs — this fear is not supported by the evidence so far,” the World Bank’s Chief Economist Pinelopi Koujianou Goldberg said in an interview.
The World Development Report 2019 is the latest in a series of efforts by academics, consultancies and governments to assess the impact of new technologies on employment. Past studies have often forecast automation will destroy more jobs than it creates.
In its report, the World Bank instead stresses that the nature of work in the future will evolve. While technological advances in automation are starting to handle thousands of routine tasks and will eliminate many low-skill jobs in advanced economies and developing countries, it’s also creating opportunities for different, more productive and more creative jobs.
“This is the fourth industrial revolution, there have been three before, and in each case we managed to survive so it’s not the case that machines completely eliminated humans,” Koujianou Goldberg said. “Eventually, we will adjust.”
Former LinkedIn CLO wants you to focus on your skills instead of MBAs
Kelly Palmer, the former Chief Learning Officer at Linkedin and current Chief Learning Officer of education technology company Degreed, recently came out with her new book, The Expertise Economy. The aim of her book is to change the way we learn and refocus organizational thinking onto being able to leverage unique abilities rather than the status quo — like university degrees and titles.
She along side with her co-author David Blake state that, it’s actually our “distinct expertise” (our skill-sets) that makes us marketable for any job we desire. Furthermore, skills are actually the currency with which candidates can navigate within an organization. Instead of workers talking about their trajectory based on roles or credentials, they should, instead, think about what it is that they would like to be doing with the skills they have.
If you interested in reading her book, buy it here.
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