Uncollared workforce enjoys more freedom, entrepreneurship, flexibility, and meritocracy by leveraging their time or assets. When comparing the prices of uncollared businesses with non-uncollared businesses, the uncollared businesses provide almost the same services for a far lower price. The market growth for the uncollared workforce has skyrocketed in the last four years. By 2016, the uncollared economy is expected to grow to $10 Billion. This greatly helps the economy by providing more jobs and increasing productivity. In relation to “ 'Employee ' Label Would End Uber as We Know It”, with all the benefits and advantages of the uncollared workforce, such as Uber, setting a number of mandates on these businesses, and forcing them out of business would be detrimental to the …show more content…
Raising the minimum wage could cost jobs and create distortions according tom Warren Buffet. Buffets says raising minimum wage is a form of price fixing and instead prefers to reform the EITC. Raising the minimum wage would indeed cost a lot of jobs, and create the illusion that the inequality looks better, but in reality, if we raise the minimum wage, we are only paying these low income individuals more money for the same amount of output they perform. Our economy would not benefit from this at all. Our country was built on the idea of free market. Your income should reflect what you put in society. If we start focusing on making everyone more equal, we will be moving in a direction towards communism. Those types of markets have historically never done well. I agree with Buffet on EITC being the better route to