ShiftPixy, Inc. (NASDAQ: PIXY) is “One to Watch”
The rise of the sharing economy model and gig economy, empowered by mobile IT and big data, has rapidly transformed an antiquated labor market, where the average independent worker often ended up dependent on temp agencies (which aggregated this labor pool) in order to find employment. However, this evolution of the labor market has come with legal pitfalls, stemming from companies wanting to categorize workers as independent contractors, instead of as employees, and thereby avoiding benefit entitlements like unemployment insurance and minimum-wage protections that are stipulated under state labor laws. This is a problem to which sector innovator ShiftPixy, Inc.…