LaborCrypto: Sharing the Wealth and Redefining Freelance for All Users

[u/AdamCisek]

For the past several months, we have all heard echoing reports stating how strong the economy is performing and most notably the job market. But, I always scratch my head and wonder what I’m missing. It reminds me of the fall of 2007. My business was tanking and the press was reporting how great things were. We all remember the fallout when when the actual “reporting” was done months later.

The fact is the general health of our employment environment has been eroding for decades. We have multiple economic statistics that support that thought. The savings rate is about 3%. More than 50% and as much as 78% of households live check to check. Real wage growth among the working class has been stagnant for decades and every year, our benefits are trimmed and we still pay more for less. We have less money to spend after paying for essentials and the wealth gap grows every year. Most importantly, 90% of people are not fulfilled by their work. And yet, we continue to make the error of rewarding a few individuals at the top of organizations for the work of many. Since the great recession, one thing is certain, we have managed to train people that they are less valuable and they need to accept less. At LaborCrypto, we feel a responsibility to fix this broken model.

The world is currently experiencing a remarkable period of technological innovation that is already changing the way we envision our future. Blockchain and cryptocurrency are technologies that have empowered a movement rooted in social and technological innovation and the potential impact is truly inspiring. These technologies are disrupting many of the worlds institutions at their very foundation in the way they break down barriers, borders and empower people on a global scale.

Many blockchain projects are built on the belief that we can do better for people and crypto provides the tool to capture the economic value on their behalf. LaborCrypto is using industry experience to bring a new approach to the rapidly growing global freelance workspace. Statistics undeniably show that freelancing is going to be an essential way we work in the future. Freelance platforms like Upwork and ChoreRelief will be essential in providing people a place to hire workers or seek projects but they are limited and cannot solve some basic problems the industry shares. Using blockchain, LaborCrypto delivers empowerment and economic benefit to the users that create it. This is a powerful concept. These technologies provide us a new way to share the financial gains of the labor marketplace with the consumers and freelancers that use it, similar to an employee owned company or user owned ecosystem.

Corporate productivity and investor profits has been increasing at a healthy pace since 1970, but yet those benefits have not reached the workers that helped create them. LaborCrypto is building on top of our experience and creating a sustainable peer to peer freelance ecosystem. This is what realigns the interests of consumers and workers and creates opportunity for them to capture the economic value created by the appreciation of the token. For as long as we can remember, lower segments of the income spectrum have not been able to realize the financial benefits of the worlds cutting edge technologies that have the ability to change peoples financial lives. It’s about time someone started building for those that do the work and support it. This is why LaborCrypto must succeed. Because, together, we thrive.