SALT | Salt Ideas Essay #8: Igniting the power of the sharing economy

In but a few short years, the so-called sharing economy has taken the world by storm. It’s an economy based on “access over ownership” and decentralised networks of people connected through new technologies. One needs not look far for examples — from Airbnb to carsharing, bikesharing, tool lending libraries, skillsharing and so on — or statistics regarding its growth: multi-billion dollar company valuations and triple-digit uptake curves amongst almost every demographic imaginable, from Millennials to the elderly.

Yet it is still early, and for every sharing economy opportunity that is praised, it seems there is another critique: incumbents feel threatened, policy-makers are often confused, and labour activists paint doomsday scenarios about the end of employment as we know it.

New EconomyApril RinneSalt