How the sharing economy might be pricing itself out of the market
Yesterday I arrived at the airport from a business trip and immediately turned to my Uber app to request a ride home. The twenty minute ride that is usually about $35 was now $129! I was shocked, then turned to the yellow cab line and got a taxi ride home that ended up costing me $65.What happened? How did the gig and sharing economies that were supposed to save all of us money ended up pricing itself out of the market and becoming irrelevant?Here are some reasons that might have did it in:The gig economy is not for gigs anymoreIn theory this was supposed to be just that: a gig economy, a side job that people with “real” job do in their spare time for some extra cash and that is designed to supplement income have become the primary job of many.Most of my Uber drivers have been doing this f
Madison Jones