Like a charismatic politician whose flaws have yet to be exposed, the so-called sharing economy enjoyed a meteoric rise to fame and success. Uber, Lyft, Airbnb — these companies emerged seemingly from nowhere to become economic and cultural powerhouses, and to challenge the prevailing structure of their respective industries.
But 2015 has not been as kind to Uber and its brethren, as the fascination with a new business model has given way to serious concerns over everything from public safety to worker exploitation to unfair market monopolization. In some ways this is not surprising — the honeymoon for startups can be notoriously brief.
But something larger is at play here. In the age of rampant income inequality, the overhyped promises of the sharing economy are running headlong into a growing desire by Americans for a caring economy.
There’s a reason why even Republican presidential candidates,
For some people, renting a house or apartment in San Francisco is easy. If your gross pay adds up to $200,000 a year, for example, you might feel fine about sinking a third of this year’s salary into a bright, one-bedroom South Beach loft, or a two-bedroom loft with a view in the Castro District . On less money – say, around $100,000 in take-home pay – you could reasonably afford a Union Square studio, or a 550-square-foot studio for $2,800 in Pacific Heights. Even if you invest no more than a third of your income in rent (the traditionally recommended ceiling), you could live in a one-bedroom apartment in Ingleside, near the San Francisco State University campus. You would have options.
But say you actually work on campus — as a teacher, librarian or groundskeeper. Say you want to go to school there, and not have to commute more than a dozen miles in the morning.