Unfortunately, not only is he right, but I think given the nature of the business community, it's going to be the main economic engine for the next years. It's good for one thing: it externalizers costs. Uber even with a level playing field has a huge advantage over a cab company. no staff AND no cars. They don't have to pay upkeep on the cars, they don't have to carry insurance on the cars that they don't own, or provide insurance against the injury to employees that they don't have. Imagine the next revolution in retail, a store in which the workers are all self employed contractors renting space and buying the stuff they sell. At best the CEO of nextmart buys a building. He makes billions and other than rent takes no risks. No traditional retailer can compete, because they own the stock, they hire people. It's day labor economics.
Unfortunately, not only is he right, but I think given the nature of the business community, it's going to be the main economic engine for the next years. It's good for one thing: it externalizers costs. Uber even with a level playing field has a huge advantage over a cab company. no staff AND no cars. They don't have to pay upkeep on the cars, they don't have to carry insurance on the cars that they don't own, or provide insurance against the injury to employees that they don't have. Imagine the next revolution in retail, a store in which the workers are all self employed contractors renting space and buying the stuff they sell. At best the CEO of nextmart buys a building. He makes billions and other than rent takes no risks. No traditional retailer can compete, because they own the stock, they hire people. It's day labor economics.