The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
Too often the "sharing" economy creates a race to the bottom, devaluing workers time and lowering wages. Companies like Uber make massive profits and shift all liability to their "contractors" -- who really are not contractors at all. There are definitely benefits to be gained from peer to peer platforms that facilitate re-using goods, but the service based sharing economy often makes it too easy to exploit workers and potentially harm consumers. The rise of P2P housing platforms are ripe for abuse, exacerbate housing problems, don't have basic standards and also don't clearly convey the risks to "landlords" or renters. Common sense regulations and wage standards should be established.