The end of the You Economy?

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As the first city in the U.S. New York comes with more stringent rules against Sharing services like ride service Uber. This is also an attack on the business model of You-Economy, in which everyone is his own Boss.

Shortly before eight o’clock in the Evening in the New York city borough of Queens. Sikander Singh getting into a black Toyota Camry, takes a quick look in the backseat and stuck his phone in the holder. For the 23-Year-old Uber driver, his working day starts now. “At night, less traffic,” he says. “I don’t have the patience to stand during the day, constantly in a traffic jam.”

Singh arrived five years ago from Pakistan to New York. After an unsuccessful job search, he learned through a friend of the car service Uber. 400 dollars in the day you could do with it. You would only need a drivers license for around 1,000 dollars – far cheaper than a regular taxi license for several hundred thousand dollars.

Singh passed the Test at the first attempt, a few days later, he drove his first passengers through the city. His equipment: a Smartphone and a rented car. His first real Job in New York. And suddenly he was right in the middle in the You Economy.

Even if experts define this movement, all slightly different, in essence it is an economic order, in the case of the people of your own Job. Share your car, your Apartment, or technologies or skills. Everyone is his own Boss, will be paid per job. What for many starts in addition to income of a full-time job, particularly for migrants in the United States, not infrequently, the only way to earn money.

New York Yellow Cabs in Manhattan

The traditional System is broken

Richard Wolff, Emeritus Economics Professor at the University of Massachusetts in Amherst, explains this development with an increasing imbalance of Power between companies and workers on the other side. While companies are becoming more profitable and to save costs through cheaper labour or the use of machines, were the workers on the track.

“In the last 30 years, what the worker is doing has become, more and more, but the salaries have remained the same,” says Wolff. “With their Power, the companies were able to turn secure jobs with social benefits in the insecure Jobs in the You Economy.”

A freelancer in the You Economy, there is the view of Wolff, without any social protection. “That’s terrible,” says the 76-Year-old. “Workers are now on their own. The capitalist is using you when he needs you. And if not – then you got nothing.”

Spanish taxi drivers protest at the end of July 2018 in Barcelona against driving providers like Uber

Wolff believes that young people in particular who have been forced in the You Economy, talk is all just beautiful. “Some Millennials believe that it is freedom. The irony is: you now have the freedom, through the whole country to travel, you can starve but also to death, or even to have no life, if the capitalist can make a Profit with them,” he says.

The Economist is convinced that America is moving towards a crisis. There is in the System and too many young people that have no financial reserves for old age. The country would continue to sink into debt because the You Economy expects.

Wolff goes even further: “This System is in trouble. It may even be that it is now coming to an end. Every economic system is created, developed, and then died.”

Work-Life Balance instead of high salary

Completely disagree with the multiple, the company’s founder Susan Sly. “I don’t believe that You-the Economy is dead,” she says. “You-Economy is as alive as ever.”

The statistics of the entrepreneur. Data from the survey company Harris Poll found that 33 percent of all Americans have already earned money in the You Economy. It is expected that it will be in two years, around half of employed Americans.

Susan Sly cooperates with more than 400 companies from the You Economy. Her own Business she had at the age of eleven. She believes that You-the Economy has emerged from Differences in the generations: “the Millennials is their Work-Life Balance more important than a high salary. You say: just as the previous Generation, I don’t want to work. I want to live my life according to my rules.”

Sly is convinced that the young Generation expects nothing more from the social security systems. “I don’t believe that any young person has the Illusion that the government will eventually pay for his pension,” she says.

With platforms such as demFahrdienst Uber, the accommodation placement Airbnb or Youtube today, everyone could be in the blink of an eye to the entrepreneurs. In comparison to the past, it cost hardly any money to start his own business. Many go from home and Online, says Sly.

The own apartment on Airbnb to rent out brings in extra income – but of cities, in the meantime, stricter regulated

More stringent rules in New York

However, New York is now, as the first U.S. metropolis harder against You-Economy-companies like the car services Uber and Lyft. Recently, the city Council, the number of drivers require licenses for these providers to covers for and also a minimum wage for Employees decided. The measures are initially limited to one year.

Susan Sly believes that You-the Economy can be stopped by such conditions. “People are adaptable. You will always find a way. Shops need less legal restrictions,” says the entrepreneur.

“The business world is not looking in a state of upheaval, politics and business must that you will lose the connection. Cities such as New York do not harm yourself, if you support the You Economy.” Sly’s Argument: If people have more opportunities to earn money, helps the economy as a whole. “In my opinion, such restrictions are ridiculous,” says the multi-millionairess.

Also Uber driver Sikander Singh of the new regulations against the car service did not impress. Uber-Driving for him only a way to earn some start-up capital. “My dream is to open up with my brother, a gas station,” he says.

To work as a clerk in a “9 to 5″Job is not for him. Dreamy he looks at the deserted streets in the borough of Queens. The Autouhr shows 4:43 o’clock in the morning. “I do now Feieraband,” says he, and parks his rented car.