When the “sharing economy” emerged ten years ago, its promise of providing income to anyone who’s willing to share his or her resources, captured the imagination of investors and consumers alike. It can be an extra space in one’s car, as popularised by Uber, or a spare room at home, as led by Airbnb.
The proponents of the sharing economy believed that many had a surplus of one valuable commodity that could be used by others for some profit.
This led nine-to-five job holders and office workers into thinking about the untapped income that they can access if they share a bit of their asset, which in most cases would be their property and time.
For the most part, consumers were the biggest winners, as costs to hail a ride for a trip across the city dropped, and less expensive accommodation for a vacation became more widely available.