The Sharing Economy Isn’t About Trust, It’s About Desperation

To me, this is a perfect example of how recessions produce paradigm-shifting innovations that help create the next boom.

Wages are an issue now, but that's expected in every downturn and things usually even out in the long term. What's important is that it's filling the gaps in the labor market in a way that wasn't possible before.

I think that by the end of the next boom sharing will be the standard as the wages reach equilibrium. This will probably come in the form of deflation rather than increased income, though. 

It'll be interesting to see what the next recession brings. 

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