The Sharing Economy

In this booming technological age, American citizens are connected with each other like never before. Innovators are taking advantage of this new-era connectivity to build companies that rely solely on peer-to-peer contact. Companies such as Airbnb, Uber, and Taskrabbit are all examples of companies that network strangers together in order to optimize the wants and needs of both parties in the transaction. In economics, this has become known as the “sharing economy.” These “innovative” companies are simply eliminating transaction costs by kicking out the middleman. By doing so, people are able to better optimize their time and money and hopefully Continue reading The Sharing Economy