Reducing transaction costs at the micro level
A new crop of websites and smartphone applications are allowing people to farm out chores to a growing army of temporary personal assistants. These micro-employees are taking the division of labor to once-unthinkable extremes.
Thousands of unemployed or underemployed workers have parlayed one-off job requests into part- or full-time work. The gigs are especially popular with stay-at-home moms, retirees and students. Workers choose their jobs and negotiate their own rates.
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