The "Sharing Economy" Boom
Arun Sundararajan examines the growth of “sharing economy” amidst IPOs boom.
“This is just the beginning for the sharing economy, I think we’ll see large platforms for professional services for certain kinds of health care, and perhaps for alternative energy. I don’t see these firms as the next Amazon or Apple, because they are carving out narrow marketplaces and will start experiencing competition from traditional providers, some of which are quite savvy. In 20 years when we look back at this, if we can do a good job of refashioning our social safety net to be tailored for this new economy, that is going to be central to whether we see this transition as good or bad.”