The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism by Arun Sundararajan

Author:Arun Sundararajan
Language: eng
Format: mobi, epub
Tags: tecnicos, E-Commerce, Economics, Business & Economics, General
ISBN: 9780262034579
Publisher: MIT Press
Published: 2016-05-13T03:00:00+00:00

Figure 5.1 Vehicle usage in the United States (compiled from NHTS data as of 2009).

We may not need to wait for self-driving cars to see a digitally induced economic revolution in the auto and transportation sector. The range of new peer-to-peer models—Uber to get a driven car on-demand, Lyft to see who else is driving your route, Getaround to see whose car in your neighborhood might be available for you to drive by yourself, BlaBlaCar to get a ride to another city—have already started to increase the impact of the global automobile stock. The emergence of well-funded, agile regional players like Didi Kuaidi and Ola in the world’s fastest growing consumer markets promises an impact even more profound for the user base that is not yet deeply entrenched in their auto ownership behaviors. It is possible, as Bhavish Aggarwal, the youthful co-founder and CEO of Ola suggested to me in 2015, that of the hundreds of millions of the newly minted Indian middle class who attain an income level that allows them to consider buying a car over the coming decade, many will “leapfrog” the inefficient ownership phase entirely, instead entering the automobile usage market directly as on-demand consumers.

In a series of recent talks, the economist Robert Gordon from Northwestern University has lamented the slowdown in US productivity growth and, in particular, the absence of clear evidence that the digital revolution of the last two decades has had a significant impact on the growth rates of total factor productivity. A now-famous slide from one of his recent articles is replicated in figure 5.2.21

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