A former U.S. military complex in Germany could become a 21st-century commune dedicated to the ideals of the sharing economy, a center for co-living, co-working, co-making, and other cooperative and inclusive activities.
Europe’s bid to champion the “sharing economy” is being undermined in the short-term rental sector by capitals imposing petty rules such as dictating the number of coat hangers homeowners must provide, a complaint filed to the European Commission says.
The gig-based economy seems feasibly sustainable. But what if it’s too good to be true? What if we’re putting too much emphasis on the possibilities here? What if we’ve actually created a “bubble” for the gig economy idea, and that bubble is about to burst?
Airbnb is sapping rental housing out of certain neighborhoods in Canada’s biggest city (Toronto), said a Thursday report by the Canadian Centre for Policy Alternatives (CCPA).
A lack of trust and clarity surrounding responsibility is holding back the sharing economy, according to a study by global online review community Trustpilot.
The growth of collaborative consumption (also known as the sharing economy) as a trend, is often associated with start-ups and individual entrepreneurs, and the benefits are considered from an individual user (formerly consumer) perspective. However, a new report produced by researchers in the United States and China has found that there are significant profit-making benefits for manufacturers that adjust prices and product design to fit in with sharing behaviour.
In an effort to embrace a changing transportation marketplace and the sharing economy, the Metropolitan Airports Commission (MAC) has been mulling new regulations overseeing ride-sharing firms for more than a year. But at a marathon public hearing before the MAC’s Management and Operations Committee Wednesday evening, drivers for UberX and Lyft made clear their unhappiness with the proposed regulations — notably a requirement that they appear in person to apply for a permit.
Stripe, the startup that competes against the likes of PayPal’s Braintree and WePay to provide payment services to digital businesses, is taking the wraps off its newest product to set it apart from the rest of the pack. Stripe is launching Instant Payouts, a service tailored specifically for marketplaces to pay their contractors “within minutes” to a contractor’s existing Visa or MasterCard debit card.
The shared economy is expected to generate global sales of $20 billion by 2020, compared with $6.4 billion in 2015, according to Juniper Research. Yet it is unclear just what chunk of those sales will retail will generate. This is because the shared economy concept, while perfect for services like transportation (Uber), hospitality (Airbnb) and chores (TaskRabbit), is not so easily applied to the product-dependent retail segment.
The sharing economy is gaining a great deal of focus globally and is seen to be one of the fastest growing business sectors in most developed economies. However, in Japan, despite continued and steady growth in recent years, it is still in its infancy when compared to other major economies of the world. In a recent report by the Yano Research Institute, it was estimated that the size of the sharing economy market in Japan in 2015 was US$285m and predicted to grow to US$600m by 2020.