Effect of Uber on Labour Market Outcomes: Evidence from Canada

Abstract

All of the platforms that arrange the relationship between individuals on both the demand and the supply sides are called Peer to Peer (P2P). However, nowadays this economy has evolved to also be Business to Business (B2B), Business to Peer (B2P) and Peer to Business (P2B). It can be characterized by any two participants that exchange any kind of service or good around the world. This exchange is facilitated by a third-party digital platform for a fee. Sharing economy platforms use the intelligence systems to connect the supply of the underused skills, time and assets with the demand for the services created by those individuals, usually for a fee. There is not much difference between the sharing economy platforms and the online websites and applications (Amazon, eBay, etc.) except that the sharing economy doesn’t involve trades based on the swap of proprietorship. According to Charles and Schor (2017), the sharing economy platforms give access to a big market of different underutilized assets and services in transportation, lodging, housecleaning, moving, storage, pet care, etc.