Posted To: Pipeline Press
I own a shovel. Actually I own a couple of them. So do my neighbors. Do we use them all the time? No. Plenty of time elapses between shovel use. The same thing happens across neighborhoods, the nation, around the world, with lawn mowers, ladders, power washers, etc. One doesn't have to look too far to figure out what's driving the "shared economy?" At Happy Hour tonight you can mention something about Uber drivers having someone in their car 50% of the time, versus taxis at only 30%. Things are changing. And if everyone on the street doesn't need to buy or own their own shovel, or their own car, and the world needs to make fewer of them over time, what does that do to manufacturing-related GDP as the years pass? One never ceases to be amazed at the money flying...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2cqHQpC
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