I was listening to a radio show on NPR the other morning, and the debate was around the “Sharing Economy,” which is disrupting the way consumers purchase certain services. Uber and Airbnb are two major players in this new way of selling to consumers.
The debate around these companies right now is that they are circumventing the highly regulated industries they are touching. City taxi cabs are under strict state and local regulations. Cities are trying to find how Uber fits into the rules. Some people argue Airbnb should be taxed the same way hotels are taxed.
On this radio show, they spoke about how cities are approaching these new entrants. They spoke of panels made up of people who had decades of experience in each respective industry. It got me thinking about the value of all that experience in an era where the old rules don’t apply anymore. That “experience” comes from a time that is completely irrelevant to the current situation.