This week, we wrap up “Uncertain Terms” with a look at a word used by many of Silicon Valley’s gig-app giants: “deactivation.”
It’s their way of saying a worker has been fired. Since gig workers aren’t technically employees of gig companies, getting “deactivated” can leave them without any income or safety net. Companies don’t have to pay into unemployment insurance for nonemployees.
This week, we wrap up “Uncertain Terms” with a look at a word used by many of Silicon Valley’s gig-app giants: “deactivation.”
It’s their way of saying a worker has been fired. Since gig workers aren’t technically employees of gig companies, getting “deactivated” can leave them without any income or safety net. Companies don’t have to pay into unemployment insurance for nonemployees. Read more…..
Chart of the Day
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“As the second quarter gets rolling, I think this market will become even kinder to the industrials and … the banks, and even less hospitable to tech and health care,” the “Mad Money” host said.
