IMPACT OF THE SHARING ECONOMY ON THE LABOR MARKET

Florin Bonciu

Romanian Economic Business Review, 2016, vol. 11, issue 2, 43-51

Abstract: Taking into account its size and diversity of forms of manifestation the sharing economy represents a flexible type of economic interactions that capitalize on the internet based platforms, large scale use of smartphones and availability of partially used resources. The paper analyzes the characteristics of the sharing economy as an economic mechanism as well as its current and future impact on the labor market. Starting from the fact that currently about 119 million people in North America are more or less involved in sharing economy activities and given that estimates indicate that by 2020 about 40% of the workforce in the same geographical area will be represent by contingent/temporary jobs the author estimate that in developed countries, especially in urban areas, sharing economy will be a sort of new normal in the labor market. The paper also stresses the complementary role of the sharing economy in relation to traditional economic activities.

Keywords: sharing economy; gig economy; contingent workforce; labor market (search for similar items in EconPapers)
Date: 2016
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