Innovative digital platforms like Uber and Airbnb have created an entirely new labor market, as well as a new revenue stream for people across the country. However, this new marketplace—in what has been dubbed the "online platform economy"—has proved difficult to measure and has sparked a conversation around how participants in this economy have been affected by it.
In an update to its last report on this topic, the JPMorgan Chase Institute released new findings that provide a unique look at the growth in participation in and earnings from the online platform economy in 15 major US cities: Atlanta, Chicago, Columbus, Dallas, Denver, Detroit, Houston, Los Angeles, Miami, New York, Phoenix, San Diego, San Francisco, San Jose and Seattle. Among other findings, this report reveals that:
Find out more in the full report.
The JPMorgan Chase Institute’s newest report examines the impact of income volatility on Americans, as well as the growing popularity of online platforms like Uber and Airbnb.Read report about Paychecks, Paydays and the Online Platform Economy
What are the implications of technologies like Uber that allow for the commercialization of previously private assets?Read article about The Implications of “Uberization”
Do estimates of GDP miss the changing nature of work in the digital age?Read article about What GDP Doesn’t Cover
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