A comprehensive critique of LODE. It assumes, however, that the 30 percent cut for marketplaces, which we’ve argued is unsustainable, is a permanent feature of the economy going forward. Instead, marketplaces will take a utility role in the long run, more like VISA and at similar rates. Or, they will add value, in the form of health care coverage, savings programs, group buying and other services that make marketplace shares more attractive. And, yet, they can and will fall to lower shares of the total economy from today’s 30 percent while doing those things. Today, marketplaces optimize for price and ignore the price paid by labor for flexibility. Eventually, the marketplace will be serving the workers as much as the “customer” the worker delivers services to for a fee.
Most of the cheery people are pitching their services — whether it’s doing laundry or, as Taskrabbit advertised ahead of Fashion Week this month, being your Instagram husband — in the $20 to $30 range. But the company, which describes itself as “revolutionizing everyday work,” takes a 30 percent cut.
Not all revolutions are for the better.