While he welcomes regulation, this third category of micro-entrepreneur shouldn’t need a fire marshal and inspections if they want to rent out their home for a weekend. “We used to live in a world were there people, private citizens, a world where there are businesses, and now we’re living in a world where people can become businesses in 60 seconds,” he argues. Chesky has a nice vision, and certainly some people are making rent because of Airbnb. In other words, as the economy forces rents up and long-time residents out of their homes, the sharing economy could save the least advantaged from the ravages of capitalism. So I think this is the beginning of a golden age,” he said, predicting that the industry will be able to create upwards of 100 million micro-entrepreneurs.Īlready, he says, he gets emails from hosts saying, “because of you we were able to keep our home.” In the service industry, there things that are deeply human that people want to participate in. “There are some things that are irreplaceable. Efficiency will save us from the robots & recessionĬhesky argues that the ability to profit from sharing assets is a business model both resistant to recession and to the coming robot work-apocalypse. Given Chesky’s influence on this new economy, his new predictions are of interest to many people. Ultimately, Chesky argues, the added efficiency of flexible contingent work, especially those jobs involved with sharing assets, will save folks struggling in the worst rungs of the economy. In some cases, the sharing economy is leading the way in destroying entire industries, such as the taxi industry, forcing more and more people into contingent work.Ĭontingent work is less certain: it has less legally sanctioned protections for both workers and consumers, though it is often far (far) more flexible. ![]() Part-time freelance work, known as contingent work, is on the rise.
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