Tech lift to productivity overlooked? The Fed doesn't think so


Overblown?: For all the hype about the new sharing economy espoused by tech companies like Airbnb to Uber, it doesn't seem to have had any actual impact on the US economy. Photo: Reuters

SAN FRANCISCO: Steve Gutmann used to have a basement that he never used. His Honda Civic sat idle in front of his Portland, Oregon house.  

Now strangers use Getaround.com to book Gutmann’s US$6 (RM23)-an-hour car for errands and travellers stay in his newly refurbished basement apartment, listed at US$115 (RM444) a night on AirBnb. Gutmann and a business partner are developing a new app that lets people get more use out of their possessions. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

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