Monthly Archives: February 2017

What Is Driving The ‘Gig’ Economy?

Forbes – February 21, 2017

We looked to a recent set of studies from LinkedIn and Intuit – a financial software firm – that sheds a bit of light on why the freelance community has been strengthening in recent years. LinkedIn predicts that by the year 2020, 43% of the U.S. workforce will be made up of workers who freelance—that includes younger workers who love the flexibility of working that way and older ones looking to assert more control over their careers. Though technology is a powerful force in enabling the movement, it is not the only factor at play.

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What The Rise Of Uber Says About The Gig Economy Today

Fortune – February 16, 2017

Today the options for making a living without a “regular” 9-to-5 job are far more varied—and as a result, a large slice of the labor force doesn’t fit neatly into government statistics. It’s been hard to get a handle on how many people work independently, what they do, and what motivates them to go it alone. To fill in these gaps, the McKinsey Global Institute (MGI) asked 8,000 people across six countries about their working lives. Their responses provide some surprises. Here’s what we found:

Marriott And Hilton Stay Ahead Of The Sharing Economy, Proving That Airbnb Is Not The Uber Of Hotels

Forbes – February 16, 2017

The onslaught of the sharing economy, in particular, the rise of Airbnb, should have put Marriott and Hilton on the defensive. Whether renting a hip studio in Manhattan for a night, or a week-stay in a historic Chateau in Southern France, Airbnb prides itself for connecting people to authentic travel experiences, at any price. With its latest acquisition of the vacation-home rental company Luxury Retreats, Airbnb is poised to eclipse the two hotel chains.

Car Rental or Share? Difference Could Mean a Tax Break in Minnesota

Minnesota Public Radio – February 15, 2017

Some neighborhood-based car-sharing services are asking the Legislature for an exemption from Minnesota’s car rental taxes. But the idea has run into resistance — from other rental companies. Minnesota’s taxes and fees on car rentals can exceed 20 percent, even more on cars picked up at the airport. Car-sharing services pay the same taxes, although they argue that they serve a different market. HourCar, Car2go and ZipCar cater to people who need temporary transportation to run errands, commute to work or go places not easily served by other transit options.

Gig Economy Platforms Are Creating A New Class of Entrepreneurs

Entrepreneur – February 15, 2017

According to a report from Harvard and Princeton economists, nearly all of recent job growth — about 94 percent — is the result of alternative careers, freelancing, Small Office/Home Office (SOHO) businesses and the “gig economy.” Unskilled factory jobs have been relegated once-and-for-all to automation and robotics, and to a lesser degree offshoring. While manufacturing output in America has tripled over the past 30 years, the unskilled hourly jobs that used to dominate the industry are dwindling. Not only do today’s jobs require a different set of skills, today’s jobs require us to re-think what a “job” really is.

Gig Economy Drivers, Including Those for Uber and Lyft, Need Protection

Pittsburgh Post-Gazette – February 14, 2017

If drivers were considered employees of ride-sharing services, it wouldn’t be a problem: the employer would be responsible for expenses and damages caused by the negligence of employees. But as independent contractors using their own cars to pick up customers using the ride-hailing smartphone apps, drivers take on liability.

In Seoul, a New Sharing Economy Takes Hold – One That Leaves Uber and Airbnb in the Cold

Quartz – February 13, 2017

Rather than pander to global tech companies, Park said his sharing economy vision centers on “restoring a sense of community” from Korea’s traditional past and fostering local startups. His signature Sharing City project, launched in 2012, assists Korean startups like Airbnb clone BnBHero, which even mimics the Silicon Valley company’s previous website design, and SoCar, a car-sharing platform that has attracted 2.5 million users since 2011.