Self-Employed Share the Risks of Sharing Economy

The video discusses the growing trend of self-employment and micro-businesses, highlighting the increased freedom and risks for workers. It examines the economic implications, such as reduced inflation and challenges for central banks in adjusting interest rates. The discussion also covers the shifting responsibilities from businesses to governments in providing safety nets and the complexities in creating effective tax policies for diverse business models.

What is a significant risk associated with the rise of self-employment and micro-businesses?

• Increased job security

• Higher wages

• Business risks shifted to individuals

• More company benefits

How does the rise of individual workforces affect inflation?

• It increases inflation

• It decreases inflation

• It has no effect on inflation

• It stabilizes inflation

What challenge do central banks face due to changes in the workforce?

• Lowering interest rates

• Eliminating interest rates

• Raising interest rates

• Maintaining current interest rates

Who is expected to take on the role of providing a safety net as businesses move away from it?

• Private companies

• Individual workers

• Non-profit organizations

• The government

What is a major challenge in creating tax policies for diverse businesses?

• Diversity and uniqueness of businesses

• High tax rates

• Uniformity of businesses

• Lack of technology