Sharing Economy: Nice. But Does It Create Real Jobs?

Link to the full Article:

http://www.forbes.com/sites/shelliekarabell/2017/01/29/sharing-economy-nice-but-does-it-create-real-jobs/3/#8dc39ff4f1e4

The Sharing Economy Main Sectors:

1. Travel
2. Transportation
3. Finance
4. Labor
5. Streaming

The sharing economy has become a booming source of services and revenue in the market. Airbnb has an estimated value of $30 billion and Uber is estimated at $68 billion.

The question now becomes is this a “phenomenom” or is it a necessity in our growing world. Shellie Karabell, describes the sharing economy as “changing the way established businesses work.”

“The sharing economy is requiring on-demand insurance” Denis Duverne

Sharing economies allow people to provide services or goods to customers with little or no capital. It also removes the needs for business organization such as managers and associates, you are your own boss.

While the sharing economy has become an extra source of income or a full-time job for some people. What is the effect on the economy as a whole? It brings the question of liability and consistency.

For example, if you were to become an Uber driver and you pick up a passenger and for whatever reason the passenger gets hurt because there was a car accident, Who is held liable? Uber or the driver? While Uber is a business, to what extent are the Uber drivers known as self-contractors compared to employees?

While the sharing economy may be providing an easier to services, it’s affecting the current business model and it brings up the question to what extent can the sharing economy hold up to the demand.