Does every family on the block need their very own snow blower? Surely your babysitter could watch someone else's child at the same time. And do you really need to own a power drill or just use one every so often?
In this country, we believe in the value of work. The American ideal is that if you work hard and save then you should be able to pay your bills and take care of yourself and your family. In other words, you should not be poor.
The sharing economy sector - where people with average holdings use their homes, cars, skills, and tools to make a living and pay their bills - passed a major milestone in 2014: it generated its first billionaires - the founders of room-sharing site Airbnb.
The Internet has made old-fashioned things possible on a global scale while making the world feel sort of cozy and nice. Which means the digital world just brought back kindness. And that's a very good thing.
Zipcar and Airbnb demonstrate the power of the sharing economy, which has taken off with the simple promise of liberating people from the hassles and costs of ownership and overpriced commercial services.
The sharing economy is taking the world by storm -- creating multi-billion dollar companies overnight and inspiring millennial entrepreneurs to squeeze cash out of anything and everything they have lying around the house.
To encourage efficiency, we would want a proper set of regulations and taxes and have them apply equally to everyone. The point is to encourage people to make profits by providing better products or lower cost services, not to get rich by finding clever ways to evade regulations.
We recently embarked on a project to elevate the awareness of the sharing economy and are proud to share a look into a Day in the Life of the Sharing Economy. This movement is not just a trend, it's a way of life.