scholarly journals Affective life of financial loss: Detaching from lost investments in the wake of the gig economy

2021 ◽  
pp. 0308518X2110520
Author(s):  
David Bissell

How people detach from financial relations is a critical but overlooked dimension of economic life. This paper offers a response by exploring how financial loss is reckoned with in the wake of disruptive digital technological change. It examines the experiences of people who have lost significant financial investments owing to the rise of gig economy rideshare platforms to evaluate how a loss of investment is reckoned with as both a financial and existential challenge. Through fieldwork with owners of taxi licences in Melbourne, Australia, the paper contributes to debates on affective investments within geography and beyond to argue that financial and affective investments are inextricably linked. For these investors, their financial loss precipitates the loss of affective investments expressed in terms of a loss of faith in institutions; a loss of face in terms of public respect; and a loss of conviction in terms of an inability to move forward with their lives. The paper argues that reckoning with these losses involves working on one's active and passive affections—capacities to act and sense. The paper concludes that this work of divestment is difficult and acceptance is not guaranteed.

2020 ◽  
Vol 32 (2) ◽  
pp. 337-353
Author(s):  
Maïa Fourt ◽  
Daniel Faget ◽  
Thierry Pérez

In the first half of the nineteenth century, industrialization increased the demand for sponges extracted by the sponge fishermen of the Dodecanese Archipelago in the Aegean Sea. This had widespread repercussions, leading to increasing numbers of sponge fishermen, the geographical expansion of fishing zones and the evolution and diversification of fishing techniques. In this context, foreign sponge traders imposed the hard-hat diving suit, which enabled divers to remain underwater for several hours without surfacing. It was therefore perceived as being more efficient than traditional skin-diving. But this equipment greatly exacerbated the physical risks faced by the divers, with injuries and fatalities increasing markedly. It also required heavy financial investments that compounded the losses of fishermen and their families. With hindsight, these investments were catalysts of the major socio-economic upheaval that followed. As well as provoking mass revolt among the islanders of the Dodecanese, this entailed modifications in crews and community structure as a nascent model of capitalist organization marked the development of the sponge fishery.


2020 ◽  
pp. 231971452096829
Author(s):  
Balwant Singh Mehta

This article explores the changing nature of work across the globe, specifically in India, with the emergence of the gig economy. It discusses the theoretical background debates on work with technological change and highlights how India’s recent job market trends are rather disappointing, with rising unemployment and a decline in new jobs. In this scenario, the gig economy is fast emerging as a respite, offering employment opportunities for millions of Indians. This article also explores the prospects and challenges of gig work in India and the ways in which it can prove to be a provider of decent work opportunities for people. Finally, the article provides some important future-policy suggestions for the growth and improvement of work in the gig economy.


Legal Studies ◽  
2019 ◽  
Vol 39 (4) ◽  
pp. 579-597
Author(s):  
Marc T Moore

AbstractGig work and other flexible labour practices have been subject to unprecedented levels of attention recently. While this topic has attracted significant interest from employment lawyers, it remains relatively underexplored from other pertinent legal and inter-disciplinary angles. This paper will adopt an alternative perspective on flexible work inspired by Coase's theory of the firm. Focusing on the implications of flexible work for the relative allocation of control, risk and reward within the firm, it will highlight how both task-oriented (gig) and on-demand (casual) work practices typically entail workers assuming most of the positional disadvantages associated with orthodox employment and self-employment, while enjoying none or few of the corresponding advantages. Using a hypothetical contract analysis, it will highlight the structural similarity between flexible work and unsecured financial investments in business firms by reference to key strands of institutional economics and law and finance literature. On this basis, it will enquire as to optimal forms of compensation that rational flexible workers can (counter-factually) be regarded as bargaining for in the absence of impediments to efficient contracting, and as the price for trading off their traditional employment guarantees.


2020 ◽  
Vol 31 (3) ◽  
pp. 383-402
Author(s):  
Paul Glavin

While traditional labour market estimates indicate that there has been little change in the proportion of workers holding multiple jobs in North America, survey instrument deficiencies may be hiding more substantial growth driven by the gig economy. To address this possibility, I test a broader measure of multiple jobholding to examine its prevalence in the Canadian workforce based on two national studies of workers (2011 Canadian Work Stress and Health Study and 2019 Canadian Quality of Work and Economic Life Study). Almost 20% of workers in 2019 reported multiple jobholding – a rate that is three times higher than Statistics Canada estimates. While multivariate analyses reveal that the multiple jobholding rate in 2019 was 30% higher than in the 2011 Canadian Work Stress and Health Study, multiple jobholders in 2019 were less likely to report longer work hours in secondary employment. Analyses also revealed that having financial difficulties is consistently associated with multiple jobholding in 2011 and 2019. Collectively, these findings suggest that while the spread of short-term work arrangements has facilitated Canadians’ secondary employment decisions, for many workers these decisions may reflect underlying problems in the quality of primary employment in Canada, rather than labour market opportunity. I discuss the potential links between multiple jobholding, the gig economy and employment precariousness. JEL Code: J21


2021 ◽  
Vol 39 (28_suppl) ◽  
pp. 45-45
Author(s):  
Ajeet Gajra ◽  
Yolaine Jeune-Smith ◽  
Stephanie Fortier ◽  
Bruce A. Feinberg

45 Background: The COVID-19 pandemic has adversely impacted healthcare workers globally, leading to high rates of burnout, especially among frontline workers. We conducted a study to assess the pandemic’s impact on community-based medical oncologists and hematologists (mO/H) in the U.S. before the widespread distribution of vaccines. Methods: Between October and December 2020, mO/H participated in a compensated, online survey addressing the impact of COVID-19 on oncologists’ professional and personal lives and other issues in oncology; demographic, clinical, and practice-based questions were also asked. Results are presented using descriptive statistics. Results: A total of 259 geographically diverse mO/H, with a median of 18 (1-42) years in practice, completed the survey. At the time of the study, local trends in COVID-19 cases were reported as increasing, stable, or decreasing by 29%, 51%, and 20%, respectively. The summative view of the pandemic was “proud of my work as a physician in the frontlines” (37%), “a challenge to get through” (35%), and “no significant impact” (23%). Over half reported a moderate to severe impact on their professional (60%) and personal lives (65). The top 3 factors adversely impacting professional life were: concern of transmitting COVID-19 to patients or staff (52%), difficulty providing patient care (45%), and loss of income (41%). The top 4 factors adversely impacting personal life were: concerns of safety for self and family (84%), a sense of anxiety (50%), loss of family income (24%), and a sense of depression/doom (22%). Fifty percent agreed or strongly agreed that they had increased burnout at work since the beginning of the pandemic. However, workload was assessed as stable (51%) or reduced (33%) during the pandemic. The top 3 factors contributing to burnout were: loss of face-to-face patient interaction (46%), financial loss by practice (42%), and reduced patient volume (35%). The factors thought to impact income were: use of virtual patients visits (38%), pay cuts from the employer (33%), and cancellation of elective procedures (31%). Overall, 41% reported receiving funds from government-based programs (e.g., CARES act) during the pandemic. While about half (52%) did not believe that the pandemic would impact their retirement, some felt that the pandemic would likely hasten (17%) or delay (17%) their plans to retire. Conclusions: This study confirms greater feelings of burnout among U.S. community-based mO/H in the wake of the pandemic and offers insight into drivers of professional and personal dissatisfaction. While mO/H have concerns about loss of income, notably, loss of in-person patient interaction is also a key factor impacting their professional satisfaction. Given the high baseline rate of burnout among mO/H, it is critical to prevent, mitigate and control additional risks imposed by pandemic-related factors.


2021 ◽  
pp. 073088842110247
Author(s):  
Paul Glavin ◽  
Alex Bierman ◽  
Scott Schieman

While the gig economy has expanded rapidly in the last decade, few have studied the psychological ramifications of working for an online labor platform. Guided by classical and modern theories of work and alienation, we investigate whether engagement in platform work is associated with an increased sense of powerlessness and isolation. We analyze data from two national surveys of workers from the Canadian Quality of Work and Economic Life Study in September 2019 ( N = 2,460) and March 2020 ( N = 2,469). Analyses reveal greater levels of powerlessness and loneliness among platform workers—a pattern that is not fully explained by their higher levels of financial strain. Additional analyses of platform activity reveal that rideshare driving is more strongly associated with powerlessness and isolation than engagement in online crowdwork. We interpret our findings in light of platform firms’ use of algorithmic control and distancing strategies that may undermine worker autonomy and social connection.


2007 ◽  
Author(s):  
Mayuko Onuki ◽  
Yusuke Kuroki ◽  
Libier Isas ◽  
Laura Bui ◽  
Chi-Ah Chun

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