The sharing economy is already changing several sectors: housing, transportation, retail. In some cities, it's changing the way we work. As more people start their own enterprises, they're shunning traditional methods. A company called Galvanize shares its space to entrepreneurs in the same industry. People are starting new enterprises and they need a place to start. From garages to shared places; but this only entails short term plans as no one knows how big their business will get in 5 years. So why sign a lease for 5 years?
A federal judge has allowed some drivers to proceed with a class-action suit against the ride-hailing service. The case could affect other companies in the sharing economy such as Airbnb and Lyft. The outcome of this suit will shape how regulation should be enacted in the sharing economy. The argument is that Uber drivers are not actually employees but contractors so why should they get employee benefits?
This article explores what regulation is. Economic regulation, a form of government intervention designed to influence the behaviour of firms and individuals in the private sector. Also, shows the impact of regulation on industries and how it is put in place to protect a particular party depending on the situation. Likewise, it highlights the importance of government intervention.
Cities are finally figuring out how to integrate disruptive technology companies. Will it spell the end of a sharing economy based largely on a free, unhindered market? This article discussing how regulation will remove the main benefits of the sharing economy. It also shows how cities are approaching the situation; with a negative perspective. Instead, they should be thinking "what kind of sharing economy do we want? How can it help create a better city?"
Ralph Nader is one individual who pushed for the National Safety and Traffic Act. He made sure consumer safety was a key part of the economy and manufacturers should be held accountable for such. Through his experience, the world of business was heavily influenced, and the way we regulate industries has become a major topic of today.
This special issue on 'Regulating the sharing economy' includes five papers and an editorial which each contribute to knowledge by linking the social and economic aspects of sharing economy practices. It basically explores the different angles of the sharing economy and the definition of the sharing economy. This article suggests that we should really understand the concept before we can understand how to regulate it.