Is Platform Capitalism Sustainable? Digital Business Models, On-Demand Labor, and Economic Growth.

Author:Culkin, Brigitte
 
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  1. Introduction

    Well-paid individuals are less expected than low-income ones to employ established institutions for sharing products. Economic growth may persist in reducing motivations to share products, but such impact can be counterbalanced by the rapid increase of institutions, standards, and choices that enable sharing. Market economies rely on private property not to mention various sharing institutions that are instrumental in individuals' standard of living. (Fremstad, 2018)

  2. Conceptual Framework and Literature Review

    Even if digital platforms catalyze innovative manners of sharing products, any brief expansion in sharing may eventually be unaccomplished by the constant coherence of shared economic growth. The sharing economy has been unsuccessful in intrinsically altering the inverse link between earnings and sharing. Income growth may cut down the drive to share (Burwell et al., 2018; Campbell et al., 2017; Drugau-Constantin, 2018; Fielden et al., 2018; Havu, 2017; Kliestik et al., 2018), but this outcome may be neutralized by the advancement of institutions, criteria, and options that further greater sharing. (Fremstad, 2018) Sharing routines have escalated lately as an offshoot of the economic downturn and the broader adoption of online services. (Katrini, 2018) Sharing economy companies are groundbreaking in comparison with institutions that regulate traditional sectors (McQuay, 2018; Mihaila, 2017; Nica, 2017; Nica and Taylor, 2017; Popescu, 2018), frequently capitalizing on regulatory ambivalences to the detriment of bringing about counteraction from committed interest groups. (Laurell and Sandstrom, 2018)

  3. Methodology and Empirical Analysis

    Building my argument by drawing on data collected from BloombergOpinion, Bureau of Labor Statistics, Edelman Intelligence, Gallup, MBO Partners, SAP SE, Upwork, and U.S. Census Bureau, I performed analyses and made estimates regarding percentage of U.S. workers in alternative work arrangements, the last time individuals participated in skill-related education or training, number and growth of businesses without paid employees (by industry), number of workers who freelance, the divide between independent and contingent gig workers, the split of organizational spend across employees, non-payroll workers, and service providers, percentage of freelancers who say independent work is more secure than a traditional job, and the gig economy as a percentage of civilian employment.

  4. Results and...

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