If there is one word that could sum up the current political climate, it is frustration. And that frustration takes many forms.
There are, understandably, many Americans who feel frustrated about being left behind in the internet era, and fearful of being swamped by waves of emerging technologies.
But we also have many old-economy companies and bureaucrats who view new-economy businesses as a threat to their decades-long dominance of certain markets. And these legacy companies are doing everything they can to protect their privileged position in established markets.
Technology has given us more freedom to choose the way we work, live, travel, and shop. But many Americans are hitting bureaucratic roadblocks on their way find full-and part-time work with peer-to-peer services like Lyft, Postmates, and Handy. These roadblocks are not just bad for workers, but also for consumers, commerce, and the tax revenue that comes with it.
Some of these roadblocks are intentionally created by incumbents trying to prevent competition. But others are just legacy rules and laws that impede the fast-moving trend of workers moving into more flexible, freelance forms of employment.
Detroit doesn’t place burdensome regulations on automobile manufacturers; Idaho doesn’t put undue restrictions and hurdles in front of potato farmers; and California takes steps to protect its farmers — because these industries are part of the lifeblood and identity of their respective states.
These industries do more than just create jobs, tax revenue and prestige — they became a symbol of who they are, part of the fabric of the community and the economy.
Home-sharing and short-term rentals have been a boon to New Yorkers and other citizens across the country, enabling homeowners to better afford skyrocketing rents and home prices in the nation’s hottest real estate markets. In addition, it has provided tourists and business travelers with additional lodging options and kept neighborhood restaurants and businesses bustling.