The placards and picket lines commonly associated with unions have no place in the gig economy. Neither do collective bargaining, labor strikes, or brawling in the streets with strikebreakers.

These are hallmarks of a bygone era. While labor unions can be a powerful force, they are of little value to the people working today for food delivery and ride-sharing companies such as DoorDash, Grubhub, Lyft, and Uber.

In 1954, 35% of all U.S. workers belonged to a labor union. Today, it’s only 11%.

The time has come for workers to find new and more innovative ways to secure livable wages and benefits. I’ve studied this issue extensively. I believe one option is for gig workers to band together, acquire stock in gig-economy companies, and sway management decisions as a powerful block of shareholders.

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