Has the rise of the gig economy contributed to greater wealth disparity and inequality as Thomas Piketty suggests in this chart?

Piketty’s chart itself suggests nothing about the gig economy. Nevertheless, the recent fragmentation of the labor market can be understood as a result of increasing wealth disparity.

The concentration of assets has put the main distribution system of wealth (companies and employment) under stress, resulting in a scarcity of available resources. When a system is attacked, it usually fragments to recreate a new stable structure. The boss-employee relationship was failing at providing stability, so people started to opt out and are now inventing new work models that can decrease imbalance and reverse extreme concentration.

This text was originally published in quora.

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