A Word on the Men in Suits
Of course, you can’t talk about the gig economy without someone mentioning the regulators. Governments around the world are scratching their heads, trying to figure out how to classify these workers and what rules should apply. It’s the big, hairy, unpredictable variable in the equation.
However, I tend to think that powerful trends, especially technological ones, have a habit of finding a way. Regulation might create bumps in the road, but it’s unlikely to derail the entire convoy. The shift towards flexible, on demand work seems too powerful to be stopped by bureaucracy alone. For investors, it’s a risk to be monitored, certainly, but not a reason for outright panic. The most resilient companies will adapt, as they always do.