@amerika @Tfmonkey Again if you read something outside of Austrian Economics you would understand.

You feel good about yourself knowing you can boss others around. In Bullshit Jobs they state Private colleges have larger administrations than public ones. This is because wealthy people want to feel better knowing there are minions below them.

Please read something else. I had the confirmation bias of Austrian Economics also until I found issues Sowell can't answer like this one...

@amerika @Tfmonkey If we were purely market Austrian thinkers then a project based business would out compete the boomer business. As the remote/project business would deliver the same widget cheaper and probably faster than the hierarchical Boomer Business. But we don't see this in real life so there are non financial variables the Austrian economist can't see... The Book Bullshit Jobs helps explain some of this...

@Crouchingshittingtiger @Tfmonkey

The Austrian economics version is that a complacent monopoly is being unseated by competitors.

Over time, the model will evolve.

@amerika @Tfmonkey The gig Economy is basically the project model of work that tfm was talking about. But we still have large bloated companies.

Therefore, we need a new model to explain this phenomenon. In Bullshit Jobs the author states that 50% of jobs are BS and fall into 5 types flunkies, goons, duct tapers, box tickers, and taskmasters. It is good to READ something else outside of Austrian theory

@Crouchingshittingtiger @Tfmonkey

IMHO the gig economy is something different, mostly hipsters getting gigged up the ass by not reading contracts.

My guess is that Hollywood will stop owning its own studios (expensive) and start funding third parties to make movies on a bidding basis.

They fought against this but it is coming.

@amerika @Tfmonkey Gig Economy are all these companies using 1099 work for employees. You have upwork, Fiverr Curated .com etc. Instead of paying an employee they pay for tasks like design a logo, build an app, write a legal brief, sell a snowboard or be an administrative assistant etc

@Crouchingshittingtiger @Tfmonkey

Yes, and it's a good way to get sodomized by what is basically minimum-wage pay after benefits are paid for.

The Hollywood VC conglomerate would hire the companies that hire giggers...

@amerika @Tfmonkey These are task based projects. Plus many companies can hire gig workers from the Philippines etc to build an app, design a logo for $100 instead of paying an American a fair wage.