Automation and the Sharing Economy
▻https://hackernoon.com/automation-and-the-sharing-economy-de19658e45c?source=rss----3a8144eabfe
Human production is in the midst of a sea-change. The growth in global connectivity, coupled with advancements in automation is giving rise to a new economy, the sharing economy.Sharing #economics is not a new phenomena. In fact, the modern sharing economies catalyzed by #uber and Lyft, often touted as innovative, are a derivation of the most primitive economic structure: trade and barter. The Uber and Lyft S-1s have shed light on the vulnerabilities in the economics that underpin their business model. This has brought about discussion with respect to the long-term viability of these businesses, and at a cursory evaluation of the financials, it makes sense that people would draw that conclusion. The problem with that analysis, however, is that it takes a nearsighted view of a long term (...)