The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
I have three degrees and $125,000 worth of student loans. I have not been able to obtain work based on my academic and work experiences in the last three years. It is unfortunate that a qualified person like myself with master degrees in psychology and international relations can't find work. I was introduced to Airbnb by a friend less than a year ago before almost becoming homeless. Airbnb has helped me to stay in my home and provide an income when I was not able to get a job with my three degrees. Airbnb is my sole income. Airbnb is helping millions of individuals like myself who has become victims to society's traditional way of earning an income. The job market is obsolete and extremely difficult to obtain even a part time job. Airbnb helps me to put food on the table and remain in my home. In addition Airbnb provides an alternative to individuals who are interested in traveling and visiting out of town relatives. For example in my area a typical hotel room cost $199 plus tax and other fees per night, while a nice comfortable with Airbnb cost between $50-70 per night. Airbnb not only helps the host, but also the client.