An evolution that would be really good for the gig economy would be the evolution of decent risk-pooling models. The kind described in “portfolios of the poor” but higher ticket price.
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Example, 12 people form a pool of putting $100/mo into club, 1 person gets an $1100 payout per month. Winner drawn from a bag of names OR someone with an emergency gets to jump the queue. Limit 1 per year. Nobody needs to hold funds long-term. Built purely on trust.
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Lots of mechanisms like this are routinely used by developing world poor and lower-middle class. But they’ve fallen into disuse in the west. Instead we on,y have organized banking/credit OR awkward reliance on friends/family.
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I've tried to figure out a way to facilitate this at scale, but never figured out a way that I believed would work. Trust, transaction costs and adverse selection always seem to doom it.
Still interested, if you have ideas though.
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I get that it's a tad more complex than just a trust ledger, but couldn't you use some sort of ISA structure?


