When Uber, Lyft and others in the sharing economy create a new category of jobs, outdated labor laws can create negative externalities.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.
Displaying some pricing power, dynamic pricing on Amazon, for airlines, Uber and elsewhere recognizes and responds to changes in demand to maximize profits.
Whether looking at a woman who needs close to $360 to pay her rent or a railroad that needs to be built, financial intermediaries are an economic necessity.
We could call Uber and Aereo “loophole startups.” While Uber provides rides and Aereo delivers TV signals, both have been entering established markets through a regulatory loophole. Uber’s loophole was their app. Because customers were not “hailing” their ride service on the street,…