Uber is gender blind. Callers do not select a male or female driver nor do they even know which gender could pick them up. Similarly, driver pay is based on an algorithm, not your gender. It relates to a base…
The Uber impact can be summarized with Joseph Schumpeter’s description of creative description as its car service replaces outdated travel habits.
Our economic news summary includes how the sharing economy relates to outdated regulatory policy, elections and markets, and Super Bowl ad monopolies.
Opposed by the hotel industry, the Airbnb impact takes us to outdated regulations that ignore the sharing economy and remind us of creative destruction.