Saturday, November 02, 2013


Micro-entrepreneurs are doing something so nontraditional we don’t even know how to measure it.

The innovation behind many sharing economy companies, however, is that they are making it more efficient to hail a cab, or rent a hotel, or order a wedding cake topper.

On the supply side, they’re making it more efficient to provide these services or sell these products.

And an increase in efficiency generally leads to an increase in economic productivity, which, generally speaking, translates to economic growth.

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