The gig economy owes a lot to Obamacare.
In the wake of the financial crisis, as smartphones were just becoming the norm, millions of Americans were out of work. Then, Uber hit the market one year before Obamacare was passed, and suddenly, the “gig economy” seemed feasible.
Startups could launch without providing costly healthcare, and their workers—excuse me, independent contractors—didn’t have to worry about going broke if they got sick, thanks to help from the government. The gig economy exploded after 2010 and hasn’t stopped growing.
Now, senate Republicans want to, in the parlance of Silicon Valley, move fast and break things. Read more…