Course'Preparation'Assignment' - Coursework Example

The Sharing Economy and the Labor Market Shared economy is a socio-economy in which companies and organizations share human and physical resources in production, distribution and consumption of goods and services. Working for Uber is fun because one would not go to look for customers. The customers referred to these drivers from the head office. This saves time and fuel spent in going from place to place looking for passengers to carry. These jobs are more appealing than standard jobs because they enable one to optimally monetized assets (cabs) that would otherwise remain underutilized.

For example, a normal cab owner would sit and wait for customers to come or call him, however, for a cab driver who is in a shared economy they will always get customers since it is the work of the head office to ensure that they allocate customers to cab drivers.Drivers in shared economy should not be subjected to regulations like other cab drivers. This is because these drivers do not operate the cabs as independent business owners rather the y work under the umbrella of companies, in this case Uber.

It is Uber that should be subjected to local regulations (Gold, 5). Regulations are meant to ensure fairness in this business venture and eliminate biasness. Take for instance the regulation that prevents customers from specifying their destination to cab drivers with an endeavor to avoid discriminations. Companies like Uber and Lyft will be favored over Sidecar if regulations are not there since Sidecar asks for customer’s destination. The new work shift does not shift power to the labor market this is because the company, Uber, exerts control on the operations such as prices and work hours of the drivers.

In the shared economy, some workers can benefit more than others. This may occur due to distance. If one worker has to drive a customer to distant places than others, they will end up making fewer trips per day as compared to other driver who are making short distance drives. Finally, the ability of workers to benefit more than others, depend on ones seriousness and activeness. If one is more active than the other drivers, he will benefit more.Works CitedGold, Lona. The sharing economy: solidarity networks in transforming globalization.

Aldershot, Hants, England: Ashgate, 2004.