Is Technology Fostering a Race to the Bottom? - NYTimes.com

Is Technology Fostering a Race to the Bottom? - NYTimes.com:

 "When times are hard, they buy packs of cigarettes and sell them as singles; they find houses to clean through cousins of a cousin; they rent out bedrooms to students; they stock up on cellphone credit and peddle sidewalk calls by the minute.

It’s called the informal economy, and in much of the world it is bigger than the formal one. But it has been pushed onto the sidelines in the West, the refuge of criminals and the poor, because of labor laws, taxes, health and safety regulations and the like, which emerged to protect workers and consumers from the market’s vicissitudes and companies’ whims"



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