Wisco Weekly

In urban spaces throughout the country, app-based ridesharing platforms like Uber and Lyft have a greater impact on the economy than what meets the eye. For years, these services were rarely regulated, and there were minimal protections in place for individuals driving for the companies. In recent years, states such as New York and California have become vocal in their crusades to regulate the app-based economy, including California’s keystone statute Assembly Bill 5. In the previous episode of this two-part series, host Dennis Wisco introduced key policies at play and delved into the Classical Economic interpretation of the impact of California Assembly Bill 5 on the economy. Listen in as Dennis outlines key elements of Keynesian Economics, and how it applies to the regulation of the gig economy. Keynesian economic theory is a school of thought developed by British economist John Maynard Keynes in the 1930s that supposes the totality of spending in the economy, and its impact on output and inflation. E