> The platform puts most of the financial risk on the labor side and simply taking a cut of each transaction.
This is "intermediation". They are not "simply" taking their cut, the platform gets the task of finding the customers and lending their brand to the workers, as well as doing some quality assurance for the customers.
Done right, this is incredibly useful for both sides and creates a lot of wealth. Done wrong it destroys markets.
This is "intermediation". They are not "simply" taking their cut, the platform gets the task of finding the customers and lending their brand to the workers, as well as doing some quality assurance for the customers.
Done right, this is incredibly useful for both sides and creates a lot of wealth. Done wrong it destroys markets.