Sharing Economy
It is a new kind of doing business by way of sharing common resources, either products or services, among the people easily and effectively with the help of technologies like GPS that make the people to respond to requests for goods or services quickly.
Both Airbnb and Uber are the classic examples. Till recently, before the outbreak of Covid, shared office space business was booming.
Top Companies
- Airbnb (for short stay accommodation)
- Uber (transforming taxi model)
- Lime (electric bike renting)
- Just Park (app to provide parking space)
- Zipcar (car rental service)
- Fon (wifi network access service)
- Spotahome (enables browsing of houses for renting)
- Stashbee (for using spare space for keeping things)
- Hubble (flexible office space for short term)
- Omni (renting out anything to anybody)
- Fiverr (for freelancers to provide services on demand)
- Snap (connects passengers with coach operators at cheaper rate)
Market Size
According to Spendmenot (spendmenot.com), The sharing economy is set to reach $335 billion by 2025 and the companies working in the sharing economies will grow by 2,133% in the next 12 years.
Learning Resources
- Future Learn (futurelearn.com): The Sharing Economy – Free Online Course from RMIT University
For Entrepreneurship, coming out with such new ideas of sharing and implementing such ideas with the help of suitable technologies and developing an app for it’s ease of use, are the prime considerations.
Otherwise, one can seek employment with any of such companies with suitable expertise and experience in the relevant area of business domain.
Care Economy
Almost 40% of all projected job opportunities in emerging professions will be created in the Care Sector between 2020 and 2023, according to a report on the jobs of tomorrow from the World Economic Forum.
Care professions include Childcare, Eldercare, Nursing, Therapy, Nutrition, Mental Health Care, Healthcare Support Services (including handling advanced diagnostic tools and machines) and Personal Trainers.
One can explore courses, training and careers in such areas for gainful employment with Hospitals, such Service Organisations and can also get into professional courses on Nutrition, Physiotherapy, Pain Therapy, Psychology, Body Building etc. to become an expert professional in such areas.
Further Reading
The following report covers the expected outlook for technology adoption, jobs and skills in the next five years. The report also provides in-depth information for 15 industry sectors and 26 advanced and emerging countries:
The Future of Jobs Report, 2020:
World Economic Forum (https://www.weforum.org/reports/the-future-of-jobs-report-2020/in-full/executive-summary)
