The Prof G Pod with Scott Galloway State of Play: The Sharing Economy
Sep 3, 2020
Arun Sundararajan, a professor at NYU’s Stern School of Business and author of "The Sharing Economy," dives into how the pandemic is catalyzing platform-based businesses. He critiques California's AB5 law regarding gig economy workers like Uber and Lyft drivers. The conversation also highlights the potential of micro-certifications to democratize education, challenging traditional higher education models. Arun predicts how self-driving tech and the evolving travel industry will shape the future of the gig economy.
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Disrupting Higher Ed
- Google Career Certificates could disrupt higher education by offering cheaper, faster alternatives to traditional degrees.
- This may challenge the four-year degree's dominance as a job prerequisite, opening opportunities for those lacking traditional credentials.
Pandemic's Impact on Sharing Economy
- The pandemic accelerated the shift to platform-based businesses, increasing demand for services like food delivery while ride-sharing initially declined.
- Airbnb is expected to recover strongly due to changing travel preferences favoring smaller destinations and greater control.
Gig Workers and Prop 22
- California's AB5 law attempts to reclassify gig workers as employees, but companies like Uber argue this threatens their business model.
- Arun Sundararajan supports Prop 22, which offers a compromise by funding benefits for gig workers without full employment.
