The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
Hello, I am a student who is also a host on Air Bnb. Hosting helps me bring in income so that I can spend quality time studying for school. If it weren't for Air Bnb, I could not afford to live in the east bay and attend school here. Business models such as Air Bnb help to spread the wealth to low/middle class families who would struggle otherwise to survive. It's not only an economically wise decision for the U.S. but a moral one as well. These type of businesses help to close the gap between rich and poor. Rather than a company and select few receiving high profits in a hotel chain, a vast amount of individuals benefit in ways more impactful (like making rent and eating healthy) than someone accumulating millions of dollars to spend on a private jet which would then negatively affect climate change. I have the income to contribute to the economy and host tourists who also contribute in circulating the dollar.