Design Concepts wins GOOD DESIGN Award for its work on Pelvalon's Eclipse System

Brother, can you spare $5

April 07, 2010

I know this sounds like the beginning of a bad joke but what would you be willing to do for $5???

Snap7

http://www.fiverr.com/

Oh my… well if 99Designs isn’t one of the four horseman of the apocalypse (sorry... I can't take credit for that line!) then this certainly is. Or perhaps not. Well probably not. I guess for most of this stuff I'm less surprised that someone is willing to do it for $5 than the fact that someone is willing to pay $5.

Talk about your “frictionless commerce”!  

Within a free-market economy there is virtually no end to which people will discount their own value out of basic survival instincts.

From a historical perspective I think it’s pretty interesting that the rise of trade-unions in the country was driven by systematic abuse of labor but also the realization that within a free-market economy there is virtually no end to which people will discount their own value out of basic survival instincts. Frankly there is almost always someone somewhere who is willing to work for cheaper. Lacking geographic or regulatory barriers the trade unions created a bit of labor “friction” allow for some wage parity in exchange for labor stability. I guess we can argue ad nauseum as to the relative benefits of labor unions but I (and this might surprise you as an ex auto-industry guy and business owner) generally feel that labor unions served a crucial role in establishing our middle class and giving rise to both domestic stability and a generally heightened standard of living and quality of life in this country.

An interesting observation about the internet is that similar to industrialization it has created a dynamic new labor market along with virtually infinite ways to both expand and exploit.

Don’t get me wrong here – I’m not arguing for unionization of the internet labor force. But I do think we’re witnessing a dynamic shift in the labor market. Perhaps the difference here is the inherent intangible of “knowledge work” and the value placed on higher quality, lower risk, better results.