New Yorkers understand that they are creating value for these tech companies and it is time they see a return of their own, on their own labor, on their own data.

Friends,

 

Did you know that the commercialization of our personal data - the data economy - represents 7% of our economy?

 

In New York State, with a $2.3 trillion economy, that means more than $160 billion is generated by the sale, transfer, and commodification of our data: our personal traits and characteristics, our clicks and our likes. But companies that profit off our data - and the labor we perform to create data - don’t compensate us for it.


That’s why last week I introduced the “Data Labor Compensation and Accountability Act.”
Forbes: Gounardes’ Data Tax Proposal Has Potential To Regenerate New York’s Economy

 

This bill, the first comprehensive proposal of its kind anywhere, would finally compensate the public for the value of our personal data and the data we create online. It would create the Office of Consumer Data Protection, incentivize responsible and ethical data collection and commercialization, and generate nearly $1 billion to invest back into workforce development, digital literacy, and education.

 

It was developed after a full year of working in partnership with Brooklyn Borough President Eric Adams, the Fiscal Policy Institute, the Better Ethics & Consumer Outcomes Network, and the Brooklyn Law Incubator and Policy Clinic.

The data economy reaps enormous profits from our information and our online labor. Just like we’d expect factory owners to pay their workers for their labor, and energy companies to pay for the value of the resources they extract from the environment, it’s time for us to be compensated for the value we create in the 21st century data economy.

Thank you, as always, for your support.

 

Always in your corner,

Andrew

 

 

 

 

Andrew for New York

725 70th Street, Apt C1

Brooklyn, New York 11228

 

 

If you believe you received this message in error or wish to no longer receive email from us, you can unsubscribe at any time by clicking here to unsubscribe.