GIG WORK
A short-term job, usually without any benefits. The word ‘gig’ in this sense probably comes
from its early use by jazz musicians (and later by musicians in general) to refer to a paid
engagement, often for just a single evening. However, there has been in recent years a major
transformation of many jobs in the U.S. and other countries towards changing what were previously
steady or permanent jobs into a series of “gigs” with no guarantees whatsoever that further work
will be available at the end of each gig. Moreover, there were often substantial benefits won by
workers who had these steady and relatively secure jobs, including health and vacation benefits,
and retirement plans. A primary reason why capitalists are rapidly switching to gig work (or
contingent work, contract labor or part time work, as they variously call it) is to end these
benefits. In other words, the switch to gig work is for the purpose of effectively decreasing
worker’s total compensation and increasing capitalist profits.
A recent study found that 29 percent of the San
Francisco workforce is now part of the “gig economy”, which it claimed is on a par with the rest
of the country.
The capitalists call this trend “increasing labor market
flexibility”, but in plain English it is simply a matter of driving ever wider sections of the
working class down for the purpose of maintaining and increasing profits, especially in a time of
economic crisis for the capitalist system. It is a matter of intensifying the capitalist
exploitation of the working class.
See also:
CONTINGENT WORKERS,
CYBERTARIAT,
PRECARIOUSNESS OF THE PROLETARIAT,
PRECARIAT
“Eyes for the gig, but how’s the bread?” —Lester Young, famous jazz saxophonist. [Translation: The engagement looks good to me, but how much are they paying?]
“With the steady paycheck disappearing for ever more workers, income
volatility—and all the accompanying financial and psychological stresses—is rising sharply
in the United States.
“Tens of millions of working Americans
are either independent contractors, work part time, or are self-employed. ‘Payday’ is
becoming as anachronistic as the paper paycheck. This would not be such a problem if these
workers were in the highly paid ‘gig economy’ or had substantial savings.
“But they aren’t, and they don’t. Most
Americans affected by income volatility are retail or restaurant workers, house cleaners
and child- and elder-care wokers. They earn roughly $10 per hour and are scheduled for six
hours of work one week and 45 another. They are among the 62 percent of Americans with less
than $1,000 in savings. A higher minimum wage, an expanded Earned Income Tax Credit,
improved retirement and ‘rainy day’ savings plans may help, but none really addresses the
problems.
“[One investigation] ... found that
low- and moderate-income households had average income swings of more than 25 percent during
at least five months of the year. One month, you can pay the rent and put food on the table;
the next, you fall behind on your bills, borrow money, and try to skimp on an already skimpy
budget.” —Andrew L. Yarrow, “Unpredictable Work Hours and Income Take Their Toll”, San
Francisco Chronicle, July 24, 2016, p. E7.
GINI COEFFICIENT
A statistical measure of the degree of inequality. Although this measure can be used with regard
to any statistical data set, it is most commonly referred to in reference to the relative inequality
of personal income or wealth within the population of some particular country or region. A Gini
coefficient of 0 means that there is no inequality whatsoever, while a Gini coefficient of 1 means
that there is the most extreme inequality possible (e.g., one person having everything, and
everybody else having nothing at all).
The global map at the right shows which countries
have the least and the greatest inequality of personal income. The dark blue countries have the
least inequality (with a Gini coefficient of less than 0.25), and the countries in dark red-brown
have the most inequality of incomes (with Gini coefficients greater than 0.60). Here are the
specific Gini values for selected countries:
GINI COEFFICIENTS OF SELECTED COUNTRIES (For Personal Income) | |||
Country | Gini Coefficient |
Year | Comments |
Sweden | 0.23 | 2009 | Currently the world’s least inequality of income. |
Germany | 0.27 | 2006 | |
European Union | 0.31 | 2005 | |
Greece | 0.33 | 2005 | |
India | 0.368 | 2004 | |
Turkey | 0.41 | 2007 | |
Venezuela | 0.41 | 2009 | |
Russia | 0.423 | 2008 | |
Philippines | 0.458 | 2006 | |
United States | 0.468 0.463 0.462 0.428 0.403 0.394 |
2009 2007 2000 1990 1980 1970 |
U.S. Census Bureau data. |
China | 0.474 0.47 0.415 0.40 |
2012 2009 2007 2001 |
CIA figure. World Bank figure. CIA figure. CIA figure. |
Nepal | 0.472 | 2008 | |
Mexico | 0.482 | 2008 | |
Peru | 0.52 | 2008 | |
Brazil | 0.567 | 2005 | |
Namibia | 0.707 | 2003 | Currently the world’s greatest inequality of income. |
Primary source: CIA World Report (2009). For more countries, see also: http://en.wikipedia.org/wiki/List_of_countries_by_income_equality#cite_note-4 |
Even in the best of countries (Sweden) the degree of equality of income is really not all
that good. The Gini coefficient values are rising almost everywhere (and in the U.S. and
China especially), which means there is an ever greater concentration of income and wealth in
the world. Europe is still relatively more equal than most of the world because of the long
history of welfare states—which, however, are now in the process of being dismantled as the
world capitalist economic crisis continues to develop. The World Bank says that, in the poorest
countries at least, a Gini value greater than 0.40 is a predictor of future social unrest.
For further information about the Gini coefficient,
including details about its mathematical definition, see the Wikipedia entry at:
http://en.wikipedia.org/wiki/Gini_coefficient
GINNIE MAE
The widely-used nickname for the Government National Mortgage Association (GNMA), a government
sponsored enterprise (GSE), which guarantees pools of Veterans
Administration and Federal Housing Administration mortgages. This is yet
another government agency which works to expand mortgage debt in the U.S.
See also:
FANNIE MAE, FREDDIE MAC
GIRIJANS
Literally “hill people”. This is another term used in India, especially in Andhra Pradesh
state, for what are more usually called the adivasis or “tribal”
peoples.
GIRONDE
See: MOUNTAIN AND GIRONDE
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