Now more than ever, it is easier to lease, share, and exchange skills, labor, and commodities. According to internetsearchinc.com, there are 17 billion-dollar companies (and 10 unicorns) in the sharing economy, which include giants masquerading as startups like Uber, Etsy, eBay and Airbnb.
In fact, Brian Chesky, Airbnb's founder famously said: “There are 80 million power drills in America that are used an average of 13 minutes... Does everyone really need their own drill? The cheeky answer is no one needs a drill... just the desired hole. Chesky's point, though thought-provoking, is nothing new. After all, people have been bartering for many years, certainly long before the emergence of smart phones, social networks and PayPal.
But technology, partnered with innovation, has resurrected a timeless economic model. The present-day potential represents a lessened carbon footprint and increased opportunities to do social good. Fewer resources are wasted on manufacturing and needless consumption when resources are divvied up among many people in the sharing economy. It's a best-case scenario of discarding inefficiencies and maximizing use, whether it's tangible assets or time, which ultimately means reducing waste and improving resource allocation.
There now exists a myriad of opportunities for the new generation of business leaders to combine social good with business. The sharing economy promotes sustainable consumption while fostering a sense of community.
Uber is arguably the most recognizable sharing economy startup, now valued at an estimated $30 billion, and is the poster child for the sharing economy. Lyft, RelayRides and Sidecar all attempt to maximize the value of idle cars in different ways. The world's leading carrier WiFi provider, Fon, is comprised of people sharing their WiFi. And the concept of sharing is not just limited to millennials.
Richard Branson is a firm believer in the antidote for ownership obsession: “As people's access to the internet grows, we're seeing the sharing economy boom - I think our obsession with ownership is at a tipping point and the sharing economy is part of the antidote for that." Branson invested a collective one million pounds to startups and small businesses who impressed him the most through the 2016 Virgin Media Business “VOOM" competition.
MacRebur Limited won the best startup category, securing a prize package worth 450,000 pounds, due to patenting a method of mixing waste plastics with bitumen, to produce a new asphalt road material, which the company says will revolutionize the world's roads. Besides the companies he's backing through the VOOM competition, Branson explained why he is also putting his weight behind the sharing economy, with investments in companies such as taxi-apps Uber and Hailo – a smartphone app that helps link passengers with empty cabs, saying that it has revitalized London's famous taxi scene.
Branson, who has made a career out of founding startups, started Virgin StartUp almost three years ago, and since then has provided more than 1,100 businesses with startup loans, for approximately 11 million pounds, with nearly 35,000 mentor hours.
Branson, who founded Virgin Group, admits that he has been caught out by emerging technologies in the past, and has learned to adapt, rather than attempt to obstruct progress: “I've been put out of business by new innovations. iTunes destroyed my record business, so we moved into mobile phones, trains, health clubs and into space."
He claimed that taxi lobbying groups (in London) who are fighting to curb Uber's expansion should either accept Uber and embrace it or change what they are doing. He added: “The moment somebody creates something that's better value for the consumer, you just have to accept it."
However, Robert Reich, former U.S. secretary of labor says that the sharing economy is hurtling us backwards. Reich adds that the euphemism is share economy and a more accurate term would be share-the-scraps economy. Newer software technologies permit nearly any job to be divided up into separate tasks, which can be parceled out to workers when needed, with pay determined by demand for that specific job at that specific moment. Matched online, customers and workers are rated on reliability and quality. The lion's share goes to the software-owning corporations with the scraps to on-demand workers.
Reich cites Amazon's Mechanical Turk, which Amazon describes as “a marketplace for work that requires human intelligence," as little more than an Internet job board offering minimal pay for mindlessly-boring bite-sized chores. He goes on to explain that it's an extension of a process that began a little more than 30 years ago when corporations began turning over full-time jobs to temporary workers, freelancers, and consultants.
It's a way to shift risk and uncertainties onto the workers as well as a way to circumvent labor laws that set minimal standards for wages, hours, and working conditions. In short, “on-demand work" is a reversion to commonplace piece work of the 19th century, a time when workers had no legal rights, assumed all risk, had no power and toiled long hours for almost nothing. Uber drivers use their own vehicles, take out their own insurance and pay a hefty fee for the privilege.
According to compensation analysis by ridester.com, the actual earnings, or “what's left" after Uber (and Lyft) gets its cut, fuel costs, car maintenance, insurance and taxes are abysmal. It's amazing people still drive for these companies. Ultimately, these rates fall below minimum wage, and in some cases, drivers are losing money every hour they're on the road. The only exception appears to be Uber's New York City drivers, where there's an actual chance to make a relatively decent income.
At some point the question needs to be asked: Does it really make sense to work for a company that pays less than minimum wage but demands you bring a $20,000 – $30,000 piece of equipment to the job? Wouldn't people be better off working at a fast food chain for minimum wage? At least then people would not be forced to bring a $20,000 dollar, four-wheeled-piece of machinery to work.
Asset-sharing and time (labor-sharing) are the two main categories of sharing economy startups. The former, think Airbnb and Fon, are here for the duration and it's easy to understand why because owners have the opportunity to maximize the value of assets by renting the experience of ownership for a reasonable price - a “win-win" for both parties because the market determines values.
The future for labor-sharing services like Uber and Lyft is less certain. While Uber and their drivers provide a notably better experience than taxis, there remain concerns about the societal impact of said services. While some economists laud on-demand work as a means of utilizing people more efficiently, the greatest challenge isn't using people more efficiently – it's finding ways to better allocate work and the gains from the labor.
In 2016, I finally found my voice. I always thought I had one, especially as a business owner and mother of two vocal toddlers, but I had been wrong.
For more than 30 years, I had been struggling with the fear of being my true self and speaking my truth. Then the repressed memories of my childhood sexual abuse unraveled before me while raising my 3-year-old daughter, and my life has not been the same since.
Believe it or not, I am happy about that.
The journey for a survivor like me to feel even slightly comfortable sharing these words, without fear of being shamed or looked down upon, is a long and often lonely one. For all of the people out there in the shadows who are survivors of childhood sexual abuse, I dedicate this to you. You might never come out to talk about it and that's okay, but I am going to do so here and I hope that in doing so, I will open people's eyes to the long-term effects of abuse. As a survivor who is now fully conscious of her abuse, I suffer from post-traumatic stress disorder (PTSD) and, quite frankly, it may never go away.
It took me some time to accept that and I refuse to let it stop me from thriving in life; therefore, I strive to manage it (as do many others with PTSD) through various strategies I've learned and continue to learn through personal and group therapy. Over the years, various things have triggered my repressed memories and emotions of my abuse--from going to birthday parties and attending preschool tours to the Kavanaugh hearing and most recently, the"Leaving Neverland" documentary (I did not watch the latter, but read commentary about it).
These triggers often cause panic attacks. I was angry when I read Barbara Streisand's comments about the men who accused Michael Jackson of sexually abusing them, as detailed in the documentary. She was quoted as saying, "They both married and they both have children, so it didn't kill them." She later apologized for her comments. I was frustrated when one of the senators questioning Dr. Christine Blasey Ford (during the Kavanaugh hearing) responded snidely that Dr. Ford was still able to get her Ph.D. after her alleged assault--as if to imply she must be lying because she gained success in life.We survivors are screaming to the world, "You just don't get it!" So let me explain: It takes a great amount of resilience and fortitude to walk out into society every day knowing that at any moment an image, a sound, a color, a smell, or a child crying could ignite fear in us that brings us back to that moment of abuse, causing a chemical reaction that results in a panic attack.
So yes, despite enduring and repressing those awful moments in my early life during which I didn't understand what was happening to me or why, decades later I did get married; I did become a parent; I did start a business that I continue to run today; and I am still learning to navigate this "new normal." These milestones do not erase the trauma that I experienced. Society needs to open their eyes and realize that any triumph after something as ghastly as childhood abuse should be celebrated, not looked upon as evidence that perhaps the trauma "never happened" or "wasn't that bad. "When a survivor is speaking out about what happened to them, they are asking the world to join them on their journey to heal. We need love, we need to feel safe and we need society to learn the signs of abuse and how to prevent it so that we can protect the 1 out of 10 children who are being abused by the age of 18. When I state this statistic at events or in large groups, I often have at least one person come up to me after and confide that they too are a survivor and have kept it a secret. My vehicle for speaking out was through the novella The Survivors Club, which is the inspiration behind a TV pilot that my co-creator and I are pitching as a supernatural, mind-bending TV series. Acknowledging my abuse has empowered me to speak up on behalf of innocent children who do not have a voice and the adult survivors who are silent.
Remembering has helped me further understand my young adult challenges,past risky relationships, anger issues, buried fears, and my anxieties. I am determined to thrive and not hide behind these negative things as they have molded me into the strong person I am today.Here is my advice to those who wonder how to best support survivors of sexual abuse:Ask how we need support: Many survivors have a tough exterior, which means the people around them assume they never need help--we tend to be the caregivers for our friends and families. Learning to be vulnerable was new for me, so I realized I needed a check-off list of what loved ones should ask me afterI had a panic attack.
The list had questions like: "Do you need a hug," "How are you feeling," "Do you need time alone."Be patient with our PTSD". Family and close ones tend to ask when will the PTSD go away. It isn't a cold or a disease that requires a finite amount of drugs or treatment. There's no pill to make it miraculously disappear, but therapy helps manage it and some therapies have been known to help it go away. Mental Health America has a wealth of information on PTSD that can help you and survivors understand it better. Have compassion: When I was with friends at a preschool tour to learn more about its summer camp, I almost fainted because I couldn't stop worrying about my kids being around new teenagers and staff that might watch them go the bathroom or put on their bathing suit. After the tour, my friends said,"Nubia, you don't have to put your kids in this camp. They will be happy doing other things this summer."
In that moment, I realized how lucky I was to have friends who understood what I was going through and supported me. They showed me love and compassion, which made me feel safe and not judged.