The human capital hoax: Work, debt and insecurity in the era of Uberization
Abstract
Human capital theory – developed by neoclassical economists like Gary Becker and Theodore Schultz – is widely considered a useful way to explain how employees might enhance their value in organizations, leading to improved skill, autonomy and socio-economic wellbeing. This essay argues the opposite. Human capital theory implies that employees should bear the costs (and benefits) of their investment. Highly individualized training and work practices are an inevitable corollary. Self-employment, portfolio careers, the ‘gig economy’ and on-demand business models (including Uber and Deliveroo) faithfully reflect the assumptions that inform human capital theory. I term this the radical responsibilization of the workforce and link it to growing economic insecurity, low productivity, diminished autonomy and worrying levels of personal debt. The essay concludes by proposing some possible solutions.
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Algorithmic scheduling may facilitate the implementation of an organizational strategy towards zero-hours contracts, resulting in lower job stability.
“Similarly, algorithmic scheduling may facilitate the implementation of an organizational strategy towards zero-hours contract (Fleming, 2017;Moore & Hayes, 2017, 2018), resulting in lower job stability.”
From Algorithms as work designers: How algorithmic management influences the design of jobs (2022) · cites this paper as Fleming, 2017
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Sutherland, W., & Jarrahi, M. H. (2018) · International Journal of Information Management · doi:10.1016/j.ijinfomgt.2018.07.004 · Cited by 725 · see citing works
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Braganza, A., Chen, W., Canhoto, A., & Sap, S. (2021) · Journal of Business Research · doi:10.1016/j.jbusres.2020.08.018 · Cited by 431 · see citing works
Working on my own: Measuring the challenges of gig work
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‘My Life Is More Valuable Than This’: Understanding Risk among On-Demand Food Couriers in Edinburgh
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Bloom, P., & Śliwa, M. (2022) · Human Relations · doi:10.1177/0018726721996763 · Cited by 12 · see citing works
'The plan is just survival': Data Work in Kenya and the Regime of Entrapment
Kapania, S., Yang, T., Abdelkadir, N. A., Scheuerman, M. K., Miceli, M., Taylor, A. S., & Fox, S. E. (2026) · Proceedings of the 2026 CHI Conference on Human Factors in Computing Systems · doi:10.1145/3772318.3791097 · Cited by 2 · see citing works
“This dynamic becomes especially visible in what many describe as the “uberization” of work [2, 34, 61], where employment is reorganized around individualized arrangements that cast workers as micro-entrepreneurs [47].”
- Authors
- Fleming, P.
- Affiliations
- City, University of London (GB)
- Corresponding author
- Fleming, Peter
- ORCID
- Fleming, Peter
- Venue
- Organization Studies
- Publisher
- SAGE Publications
- Published
- 2017-01-24
- Volume
- 38
- Issue
- 5
- Pages
- 691-709
- ISSN
- 0170-8406 (ISSN-L)
- 1741-3044
- OpenAlex
- W2580351931
- Cited by
- 473
- References
- 0
- Citations by year
- 2026: 32 · 2025: 46 · 2024: 60 · 2023: 61 · 2022: 94 · 2021: 68 · 2020: 52 · 2019: 34 · 2018: 23 · 2017: 2 · 2013: 1
- FWCI
- 77.76
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Organization Studies (publishedVersion)
- City Research Online (City University London) (acceptedVersion)
- Topics
- Social Sciences › Sociology and Political Science › Digital Economy and Work Transformation
- Social Sciences › Safety Research › Employment, Labor, and Gender Studies
- Social Sciences › Business, Management and Accounting › Industrial relations › Legal and Labor Studies
- Keywords
- human capital theory, gig economy, Uberization, personal debt, economic insecurity, employee autonomy, responsibilization, self-employment, portfolio careers, on-demand work, low productivity, employee training, neoliberalism
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