share economy Archive

The Advent of the Gig Economy

Why suffer through the morning commute every day, when you could just stroll over to your favorite neighborhood café and work from your laptop? Why conform to a strict 9 to 5 routine, when you could keep a flexible schedule and work at your own convenience? These are just two of the questions that have given rise in recent years to what experts are calling …

Gig Economy Poll Reveals Surprising Insights

Sharing economy, gig economy, on-demand economy: no matter what you want to call it, crowdsourcing and sharing are here to stay. Time Magazine conducted a poll to determine the size and makeup of this new economy, and discovered some interesting numbers. When it comes to most services in the on-demand economy, there are more users than service offerers; in other words, for a company like …

How the WTF Economy is Really a Good Thing

When Anna moved from a small town in Texas to Los Angeles to pursue her dream of acting, she knew she needed a way to make money to pay her rent. She thought of taking on a job at a café and becoming a waitress, like many Hollywood actresses before her, but the thought of not being able to control her own schedule and being …

Fifty Shades of the Sharing Economy

Everyone has needs, but what if you could get by without buying all of the things you need from traditional businesses? You get your furniture for free second-hand from Craigslist, borrow power tools to hang curtains from a neighbor, order business cards designed on Fiverr, get a house cleaner from TaskRabbit, use a bike share to get around, and a car share when you’re out …

Sharing Economy Companies Take A Bite Out of Established Businesses – Or Do They?

How will sharing economy companies impact established businesses? This week, we turn to the question of who wins and who loses as collaborative consumption companies gain ground. Impact of Airbnb rentals on the hotel industry In a newly released report, Boston University’s School of Management examined the impact of Airbnb rentals on the hotel industry in the US state of Texas. The 36-page report estimates …

Interview: Switzerland’s 17 Year-Old Car Sharing Service Mobility Rides High on the Sharing Economy

 “If Mobility did not exist, 22% of our customer households and 50% of business customers would today have an additional vehicle. This amounts to 23,000 cars.” Long before the term “sharing economy” was ever coined, and long before the rise of car sharing companies Uber, Lyft, Sidecar and BlaBlaCar, Switzerland’s Mobility had the notion that car sharing would be the way of the future. The company …

Sharing Economy News: About Insurance Industry Opportunity and Crowdsourcing Customer Support

Question of Necessity of Insurance for Growing Sharing Economy As the sharing economy continues to evolve, it’s clear that certain protections are needed for all players, both to build trust in fledgling marketplaces and to compensate should something go wrong. In fact, as the sharing economy moves from a small “feel good” movement and into the corporate world, where businesses are looking to embrace sharing …