posted Aug 2, 2011, 12:03 PM by David Khorram
updated Sep 20, 2011, 12:32 PM
Crowd sourcing and Expert sourcing techniques and engines will be essential part of small and large businesses.
This based on the fact that there are Crowd of people and experts available in your local area and through out the world which are accessible (i.e. crowd and expert sourcing engines and Un demand workforce engines ) .
Following article was published in Newsweek recently under ( The Real Minimum Wage )
Those without jobs are often willing to work for far less than $7.25. NEWSWEEK chronicles how low they will go.
Just as the official unemployment rate doesn’t give the whole picture, neither does the $7.25 minimum wage set by the federal government. While in some parts of the country even menial positions command more, there’s also a virtual army of the digitally desperate who will work for less—often far less.
To find out what pay U.S. workers will really accept for an hour’s work, and how that stacks up against other countries, NEWSWEEK turned to Mechanical Turk, an online marketplace for freelance work operated by Amazon.com. In a weeks-long experiment, we posted simple, hourlong jobs (listening to audio recordings and counting instances of a specific keyword) and continually lowered our offer until we found the absolute bottom price that multiple people would accept, and then complete the task.
The results: some Americans settled for a shockingly low 25 cents an hour—while counterparts in nations like India and the Philippines expected multiples more. Of course, the results also partly reflect how many workers in each country compete for work on Amazon’s system. But even against other wired places like the U.K. and Canada, Americans desperate to earn even a pittance were the cheapest around.
Question is how to deploy above resources ( talents ) and focus them on specefic vertical projects ?
Following equation demonstrate the business model which one can build the crowd and expert sourcing engine :
Lets pick up a project , say an on demand work force ( part time employment ) or a Search project ( marketing research for small or fortune 500 bsuinesses )
C is the combination of above tools ( low cost ) and low cost but qualified resources . This resources need to be registered ( brought on broad ), classified and then vertically aligned with projects and opportunities .
These are all possible due to internet accessibility, Cloud sourcing ( I.e Google Apps ) and inexpensive bandwidth .
Getting paid for High quality ( V ) products and services are not hard. This is called globalization 3 (globalization of individuals ) using low cost Internet access .
Thomas L. Friedman divides the history of globalization into three periods: Globalization 1 (1492–1800), Globalization 2 (1800–2000) and Globalization 3 (2000–present). He states that Globalization 1 involved the globalization of countries, Globalization 2 involved the globalization of companies and Globalization 3 involves the globalization of individuals.
Now comes the entrepreneur imagination , drive and creativity generating revenue as means of fueling the idea and its development .
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