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Podcast: The Future of Everything
Episode: Paul Oyer: Where, exactly, is the gig economy taking us?
Description: The worlds of academic economics and ride sharing are not so far removed – just ask Stanford labor economist Paul Oyer. When Oyer wanted to study the gig economy, he didn’t do it from afar; he became an Uber driver.
Oyer says lessons from the gig economy hold deep lessons for the job market for more traditional jobs. Uber’s surge pricing, for instance, is more than a payment structure – it entices Uber drivers to work odd hours or at times of peak demand. He says Uber is constantly reworking its payment structure to ensure that the company...