While the sharing economy is changing conventional models, downsides can loom, including quality control and effective protection of workers’ rights.
The sharing economy is crashing down on conventional company models. It’s slicing through conventional work models with contract work that enlists the Web and other technologies to draw on communities of interest and expertise.
Known as the sharing economy, the model enables companies to lease people’s services from anywhere around the globe and promises more efficient use of resources, where companies can gain near-instant access to skilled application programmers or writers and expand and contract as business needs require. Traditional companies hire full-time employees for the long term; the collaborative economy bids out jobs, often on a short-term contract basis. Read more