Sharing-economy platforms fuse data extraction with labor at unprecedented scale

Evidence

The argument of this book is that, with a long decline in manufacturing profitability, capitalism has turned to data as one way to maintain economic growth and vitality in the face of a sluggish production sector. In the twenty-first century, on the basis of changes in digital technologies, data have become increasingly central to firms and their relations with workers, customers, and other capitalists. The platform has emerged as a new business model, capable of extracting and controlling immense amounts of data, and with this shift we have seen the rise of large monopolistic firms. — Nick Srnicek, Platform Capitalism, 17 (#expands, via linked claim)

We are concerned here with the annexation to capital of life processes whether or not they are labor, evidenced when many of the life streams from which data is extracted for value are not seen by those involved as part of any productive activity. — Nick Couldry & Ulises A. Mejias, The Costs of Connection, 143 (#corroborates, via linked claim)

Categorization

  • XREF: connects to: Data analytics progressed from describing internal data to prescribing every process and behavior — Nick Couldry & Ulises A. Mejias, The Costs of Connection: How Data Is…, 79; Falling manufacturing profits drove capitalism toward data extraction via platform monopolies — Nick Srnicek, Platform Capitalism, 17; Data extraction annexes life processes beyond productive labor — Nick Couldry & Ulises A. Mejias, The Costs of Connection: How Data Is…, 143 (+11 more)

Broader Connections