A local newspaper introduces the accomplished fact of local on-demand as another phase of capitalism.
Uber and Lyft, the world’s two largest ridesharing companies that are disrupting the traditional taxi industry, point to the disruption other unknown startups or yet-to-be-formed companies will have in other sectors of the economy. The Uber/Lyft disruption, for example, is spurring the courts and regulators to consider whether on-demand workers are independent contractors or employees (in a newer sense of the word), ultimately raising the question of whether those terms themselves are outdated and meaningless in the 21st century economy.
Capitalism is an amazing thing to behold: The U.S. economy, now at $18 trillion, is undergoing rapid and exciting changes. But in the process, we can’t allow individuals to be left behind by it.