The economies of Crowdsourcing

The workforce in the cloud: ‘Talent exchanges’ on the web are starting to transform the world of work” – via the The Economist

Reading about $10 flat rate, I wondered –  

  • Will anyone be motivated to offer services at sub-par minimum-wages level?
  • Can that impact the long-term trend in wages?
  • Can such labor-exchanges portals create a long term impact on minimum wages?
  • Will regulators feel the need to step in?
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