Reference no: EM133325941

Question

The US economy is described as both a "knowledge-based economy" and an "hourglass economy". Define and explain what both of these terms mean. How is the knowledge-based economy is giving rise to an hourglass economy by speaking about and defining what platform capitalism is. How has technology has given rise to the rise of nonstandard employment, like gig work. Define and describe all forms of nonstandard or precarious employment and to compare and contrast aspects of nonstandard employment (i.e benefits, labor surplus, unionization opportunities). How is Poverty in America today? How does American compare with other countries regarding its ability to provide a safety net which keeps people out of poverty? Is poverty in America something that only impacts marginalized groups? With the rise of platform capitalism and an hourglass economy, are American workers more vulnerable now than prior to unionization efforts? If so why? What will need to happen in order to provide American workers with a safety net?