Welcome to Axis Pro Radha, where we take just 10 minutes to get you smarter on the

collision of tech, business, and politics.

Sponsored by Bridge Bank. Be bold. Venture wisely. I'm Danper Mac. On today's show,

unicorns take Manhattan and a fox in Starbucks's henhouse. The first, not all jobs are created equal.

So as you've probably heard, particularly if you follow President Trump's Twitter feed,

America has the lowest unemployment rate in decades. We've also had over 100 months of consecutive

job growth, an all-time record that dates back to the middle of President Obama's first

term. But those numbers and several other pieces of important labor data are being distorted by the so-called gig economy,

which includes everything from Uber drivers to the folks from TaskRabbit who now help you put together IKEA furniture.

At least that's the message of a new paper from the Dallas Federal Reserve,

which notes that many gig economy workers report themselves

as employed rather than as self-employed or as contractors, even though they are very much

self-employed or contractors. In fact, several gig economy companies have even gone to court to keep

it that way, since contractors often have fewer job protections and benefits than do actual

employees. And as that number of

not really employees grows, the data distortion also expands. In fact, there's been some argument

that it explains why our decreasing unemployment hasn't led to inflation, a situation that's at the

economic heart of President Trump's very public spat with the Federal Reserve. The bottom line,

the gig economy is disrupting much more than just taxis and retail. In 20 seconds, we'll go deeper

with Axios Markets editor Dionne Rubin. But first, this. The Equity Fund Resources Group at

Bridgebank is a central hub for the venture capital and private equity communities. Offering banking services for funds, partners, and their portfolio companies, Bridgebank's financial

solutions are designed for the entire innovation ecosystem and include creative credit solutions,

...