More freedom, less privacy: The digital economy is changing the way we work | CNBC Reports

For decades, many of us have arrived at
work at 9am, and then are done at 5pm. But this way of working
is changing dramatically. Last year, Wisconsin-based company Three
Square Market announced its plans to install rice-sized microchips
in its employees. I’m on a mission to discover how the digital
age is transforming the way we are working and how some companies are taking it to the
extreme by microchipping their employees. In the old days, the coal mines
broke the bodies of workers, but today the gig economy
is breaking our minds. From the early factory jobs of the Industrial
Revolution to the office-based jobs of today, workers have long been bound to
an employer and a physical space, often for the entirety
of their careers. But the nature of work is changing,
and so is the workforce. Today’s workers are more
independent, entrepreneurial, tend to job-hop and want to
work anywhere and anytime. Have you ever
worked a 9 to 5 job? No, never. Our co-workers they can come
anywhere, any time they want. We don’t really care as long
as they get the job done. Experts are saying this change is due to two main
trends, the digitalization of both work and workers. So what does the digitalization
of work mean? To find out more, I met up with Jeremy
West at the OECD forum in Paris. He researches the economic and
social effects of internet openness. The digital platform economy is
something that makes it easier for users who want to interact
with each other to do that. So, what it means is that there
are a lot of new ways of work that we haven’t seen before
and new forms of work. Being an Uber driver, for example, or being
a freelancer who uses an online platform to find a gig, a task,
that needs doing. Estimating the size of the global
platform economy is difficult. But one piece of research compiled
242 of these digital platforms and found they’re worth
a combined $7.2 trillion. And the top seven, the
so-called ‘super platforms,’ are worth $4.9 trillion or 69% of the
total worth of the platform economy. Because many jobs are migrating to these digital
platforms, anyone with an internet connection and the right skillset can receive and take
on job requests from around the globe. Those working here at the world’s
largest startup campus are just a typical example of how global
this new world of work is. Many of the 1,000 plus startups here in Paris
are working with others across the world. In 2017, 24% of online freelance
workers hailed from India. Bangladesh made up 16%, while 12%
of these workers were from the U.S. And many industries are taking
advantage of these online freelancers, from software development and sales
support to writing and translation. But if workers are far apart from each other,
then how are companies monitoring productivity? In a typical 9 to 5 office job, it’s pretty easy
for your boss to make sure you’re working. But if you’re working remotely,
companies have to either trust that you’re doing the tasks they’re paying you
for, or monitor you in a different way. That brings me to the second major change happening
in the world of work, the digitalization of workers. This means that they are
being monitored digitally in order for companies to track their
mood, their output and their movement. Take Uber for example. The ride-hailing company has been known to
closely monitor drivers’ working time, braking and accelerating speeds and
more, to detect unsafe driving patterns. Surveillance can be a good
thing. It’s a bit like a knife. It can be used for good
or it can be used for bad. This is James Farrar. He’s a former Uber driver who fought to
access what data the company had on him. This is the GPS trace for every job
that I’ve ever done in London. James was able to access this data because
of the European Union’s General Data Protection Regulation or GDPR, a landmark piece
of legislation passed back in 2018 to help consumers take
control of their data. That same year, James founded a non-profit
organization called Worker Info Exchange to help other workers on digital platforms
access the data collected about them. What I’ve been doing through Worker
Info Exchange is helping drivers access that data and then to be
able to turn the tables and say, “Okay, now we understand how some people
are getting work, and how others are not, how some people are being paid properly, or
other people are not being paid properly.” In a statement emailed to CNBC, Uber said that while
its privacy team tries to provide data when requested, it is unable to do so under certain
circumstances, subject to GDPR. Tracking contractors through their
smartphones could just be the beginning. The experts I spoke to say
microchipping could be next. I am freaked out by this but I’m
more curious than anything else. So, let’s go and speak to the brains
behind this new technology. BioTeq is a U.K.-based tech company that
develops microchips as small as a pill, which can easily be inserted
into our bodies to store data. Steven Northam is
the company’s founder. He’s showing me an x-ray image of the
microchip inside his very own hand. We imagine in 10, 15 years sort of time
this could be very commonplace. Could you have one chip
replace keys, money, passport and then you could just leave
the house just with your hand. Once the 8kb chip is in your hand, it emits
low-frequency signals read by a scanner that that identifies the unique
ID in the microchip. Steven uses his microchip in the office,
at home and even to start his car, but he’s not using it
monitor his employees. But microchipping
employees is gaining traction. Take U.S. company Three Square
Market as an example. As of last year,  92 of its 196 employees
have been microchipped. Three Square says employees can use the chip
to pay for office snacks and to enter the building. But take it a step further, and chips could
potentially track employees’ lunch breaks and if connected to a GPS, they
could track their movements too. That’s a red flag for the growing number of people
concerned about the security of their personal data. But Steven tells me they’ve
already thought that through. It can be easily read
with a mobile phone. You can wipe the data, you can change it,
you can encrypt it, password protect it. So from our point of view it’s probably
more safe than having your data in a cloud because it’s only in your hand, like
a memory stick inside your body. The OECD says data is a critical resource
and could globally drive economies of scale. But to truly realize those gains, instilling
trust around our data is a must. And for that, it says governments need to put policies
in place to protect individuals and their data. With the working world changing exponentially,
only time will tell how these policies can adapt. Thank you so much guys
for watching the video. Comment below and let me know
how your working world has changed.

77 thoughts on “More freedom, less privacy: The digital economy is changing the way we work | CNBC Reports

  • …Or wearing a bracelet/ring/watch with the exact same technology be implemented that you can remove once the work day is over. I just see this as highly invasive and unnecessary 🤷🏻‍♂️

  • At my old job, we used Skype to message. It would show if you are away and for how long. I will not allow a chip to be put inside of me. 🙄

  • In my opinion 9 to 5 work is classic and far better than this digitalization crazy stress work with healthy relationship with the employees and staff 😃

  • I work as a freelance graphic designer from home. I set a price $30 × time I think it'll take me. No chips for me.

  • It's good when your brain can make a distinction between home and work. I worked at a company where I could work from home or there. Most days I went to work to feel better when I got home and I could think "Its enough for today! I'll work only tomorrow". But I can see how this change is inevitable.

  • Stupid too implant chip in your body, just use bracelet, and you can remove if you want too remove. That's it enough

  • Hell no , I ain’t getting microchipped . I will rather go back to farming and sourcing my food from the earth.

  • If you could put information like your Passport, ID, mode of payment that can work anywhere than it's far better than carrying those valuable information in your wallet.

  • In the way the advantages are being presented in the video, I don't see any reason why an entrance card doesn't suffice for building access and all of that. As others have pointed out in the comments, it's just highly invasive and unnecessary. But this debate about technology interference in our daily lives is what we need to have, not more welfare distribution for people who don't wanna work or a year of compulsory national service in the sh*thole digital third world country of Germany

  • a foreign objet inside your body, ???? why ??? what is wrong with having a key or a ring or a phone that can do all that. what else you are willing to share? your soul????

  • Digitalisation has made cross-border communication much easier.
    Unfortunately, that means companies don’t pay employees to fly to their branch offices for meetings.

    People used to be able to work (and have fun) in amazing cities like London, Geneva, NYC while the company will pay all of their bills.

    Edit: Microchips? No… just no

  • Microchip transmitter what stupid a idea, just tap the frequency and data, walla i can access everything XD

  • 1 minute into this neoliberal hellhole. This is how much of this video I watched.
    I am not buying into this, I am working normal hours.

  • My work hours is 6:30am to 4:00pm with no implanted chip involved. Just saying 🤷🏾‍♂️🤔🤣

  • People, please come to Christ Jesus NOW before it is too late. Please don't wait to see wha will happen next. Come and accept Jesus as Lord and Savior NOW.

  • A very interesting experiment is going on.
    However, an idea of a totalitarian state getting people microchipped would make me scared…

  • Microchips don't make any sense. Face recognition or other biometric recognition system are getting better, cheaper and more common. Why would anyone want to implant a chip?

  • I don’t mind a wristband during my contracted hours, but “mark of the beast” implanted… NO thanks.

  • Stop normalizing this chip crap and trying to justify it. You don't need chips on people if you just track their devices they always carry or use on the job. Everybody in gigs check in via their phones and regular employees have lap tops or at least badges that can be tracked. On another note this whole gig economy is basically a big scam that'll be used to crush labor rights by decentralizing labor pools and leaving them open to exploitation as they compete for gigs. Gigs where they have to absorb all the cost because their operating as an independent contractor. Also every gig a company is offering is something they intend to automate in 5 to 10 years so it's the worst for job security.

  • Your tone is far too cheerful for commenting on workers who are an digital precariot. You omitted words like 'coercian' where workers feel compelled to have this invasive technology because companies think they can. Corporations are lawless entities deliberately setting about impoverishment of workers ( and consumers) by their aggressive use of technology which completely overides human rights as well as common decency. You get more by honey than stick.

  • Zero alarm or questioning that this might be some sinister trend companies are FORCING on workers. I guess there is a Silicon Valley way of smiley reporting.

  • Good n bad thing. Maybe the microchip could be used to fry your brain n make zombies out of people. As for mark of the beast. If God himself allow that thing to happen, it will happen, for the good of mankind, or the opposite

  • Once I heard from a Christian theologian that one day micro chip will be implemented in future. This will be sign of end of days. This chip has a number — which represent the Anti christ one who is going to kill people who believes in Jesus With out this chip we cant buy or sell goods. Basically no freedom we are complety exposed where there is know hiding. A dog with collar belt. This I heard 30 years ago.

  • You guys have been saying this for decades now…I am still working 9 to 5 WTF call my boss please…

  • Hi, fellow YouTubers, I am a college student here in the U.S. at a University in West Virginia. Last year I made a trip out of State and chose to have two implants injected. I have NFC in my left hand and RFID in my right hand. I want to clear up a couple things. One that their convenience is personal to me. I use my NFC all the time to clock into work at my University and I have my NFC tag programmed to turn of my Bluetooth and I have messed with programming it to do other things. Medically, there is always a posed risk to anything being put inside your body. My injections are no more dangerous than a pace maker and if anything probably less dangerous. I am very much comfortable with saying I am not religious, but my entire family is. I get mixed reactions and understand both ends of the spectrum so it's basically impossible to offend me.

    I want to offer any information you guys might want or answer any questions you might have about them. So long as you are are interested in learning and stay conversational I will do the same. I don't debate nor do I like to argue.

    For those who are going to shun me religiously I will not respond with anything more than. You should read the Bible a little mor thoroughly. As these chips do not represent the mark of the beast in anyways. The mark is forehead and right hand only. The mark will be 1 identifying number, the mark will be forced by a leader who claims to be god, and the mark will be forced.

    My tags were a choice, my tags each have 2 individual ISO numbers that you can't really see to identify me physically. My tags are in left and right and I am going to get a third. And as far as I can tell Trump doesn't claim to be the anti-christ. Your social security number has way more information about you than my tags. Your debit card or license has more information than my tags do. My tags can also be password protected.

    Long story short if you are religious and want to converse I'm up for that 100 percent. I love expressing my love of technology to anyone. If you are going to just argue with me and insult me I'm not interested in talking. Below is a video link to my Twitter showing me use the tags. ☺️

  • nobody is going to fucken put some stupid chip in my body to track my moods like i dont want you guys see my private shit whats next you can track how long last in bed man.just because its convinient it does not mean it is the best thing

  • And if you don't take the chip you can't work (no man shall buy or sell without the mark). Money will become worthless very soon.

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