October 30, 2018
An economist can explain why we are willing to share homes (Airbnb), carpools (BlaBlaCar), and clothing (Rent the Runway) with strangers.
An economist can explain why we are willing to share homes (Airbnb), carpools (BlaBlaCar), and clothing (Rent the Runway) with strangers.
Government could tell sharing economy firms like Uber, Lyft and Kitchensurfing if workers will be employees or independent contractors.
Our everyday economics includes social norms, tradeoffs, financial intermediaries, human capital, sovereign debt, externalities,labor markets, & gender gap.
When Uber, Lyft and others in the sharing economy create a new category of jobs, outdated labor laws can create negative externalities.
Labor market innovations are examples of why the people who started Uber can be called high impact entrepreneurs who fuel creative destruction.