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Airbnb, RelayRides, StoreAtMyHouse, ClosetDash… Heard of them? These collaborative consumption companies, and many more like them, are primed to have a major impact on how people take care of their everyday needs, and thus alter the economy in fundamental ways.
The Great Recession of 2008 fueled the need for crowd-powered marketplaces—Think services such as Airbnb and Lyft. The "sharing economy" only seems to be growing, even with the unemployment rate falling.
Eyebrow-raising valuations may spur predictions of another tech bubble in the works, but there are many differences between today's growth and the dot-com frenzy, say Wharton experts.
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