Vấn đề thường gặp của sharing economy

Lacking regulations and employee welfare avoidance are current problems in sharing economy.. In this economy, participants probably provide the same products and services compared to oth

Lacking regulations and employee welfare avoidance are current problems in sharing economy In this economy, participants probably provide the same products and services compared to other existing businesses in the market, but they seem less controlled or non-controlled by recent regulations and laws This is because all transactions in the sharing economy are in the digital platform, thus, there is no evidence or legal documents provided for

government management (Neuberger 2019) Even though many opinions argue that the government must have a new regulation to control the market activities and avoid unfair competitions, the Institute of Public Affairs (2014) states that private problem-solving improvements and bottom-up regulation control are more likely to address the issue than government control It is not necessary to have a new law for an uncertain future of the peer-to-peer

economy because it has different characteristics and issues with the

traditional economy (The Institute of Public Affairs 2014) Thus, entrepreneurs

in the sharing economy must find innovative solutions to overcome

self-hindrances and be more principled Another problem is the fraud following the labor law The other problem is the fraud following the labor law Theoretically, the participants in this economy are not employees but independent providers (Erickson and Sørensen 2016, p.6), and therefore, these providers are not objecting of the labor law As a result, business owners can avoid paying overtime wages and the correct wages rate by which they can probably raise the business profits To overcome this problem, the Department of Labor would classify the independent contractors as dependent ones and give

guidance about which protections are extended for them, for example, the right to pay minimum-wage and overtime eligibility (Zacharias 2018) To sum

up, the sharing economy is not a disadvantage to the sustainability of the economy; however, it needs further adjustments to be more sustainable over the developing process