The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
The sharing community has grown organically as a response to a struggling economy, over burdened business regulation and the need for the citizenry to engage in income producing activities. Traditional jobs are being replaced by proactive and industrious individuals using the resources available to them to be proactive in meeting personal financial commitments. Many are attracted to the sharing community to circumvent added costs of business regulation both as customer and provider. This is a natural evolution that should be celebrated in a free society. College students and the laid off work force benefit from the temporary income earning potential. It is also a means for middle aged people that lost so much retirement equity in the crash of 2008 to work part time and be able to count on supplemental income as retirement approaches. Consumer protection in this platform has also evolved organically in the customer/provider review process making the need for protections by government all but obsolete, if not oxymoronic, and likely detrimental to the concept as a whole. Please consider the benefits and opportunities of this exciting new platform.