The Uber Economy

  • Here is one reason why wages are not rising – the uberfication of the economy, which has actually preceded Uber for decades; outsourcing is very similar in its effects.
  • Structural changes like these have profound impacts on the prospect of wages, prices and hence monetary policy, bond yields and equity valuations.
  • But these effects are greatly modulated by the institutional and cultural surroundings.

Source: The Uber Economy | Seeking Alpha