The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
As Robert Reich brilliantly put it, a more accurate term for the "sharing" economy would be "share-the-scraps" economy. This new "gig economy" or "on-demand" work allows anyone with a smartphone a chance to enjoy some luxuries. Sounds amazing, right? If you are a Hedge Fund investing in a new app, or a "sharing economy" pioneer, this "peer to peer marketplace" is music to Wall Street's ears. For workers and New York residents, it's a different story. Airbnb is taking crucial housing units off the market while allowing big real estate moguls to line their pockets with profit . Meanwhile, Uber does not consider their drivers employees, they consider them contractors! The "gig economy" eliminates labor standards completely and shifts the risks entirely onto workers. Full-time job? Health insurance? Worker safety? Forget about it! Uber drivers use their own cars; pay their own insurance, gas and maintenance. To make matters worse, Uber takes up to 30% of their drivers wages in fees! We know that in a true sharing economy low-wage workers will be uplifted and workers will be protected. We should take significant steps to ensure workers are part of a real sharing economy, that means a fair wage, full-time job, health insurance and worker protections. Let's take significant steps to ensure workers and residents do not get the scraps!  http://nycommunities.org/sites/default/files/Airbnb%20in%20NYC.pdf  http://www.huffingtonpost.com/robert-reich/the-sharethescraps-econom_b_6...