Sundararajan: Top platform earners make $1.20 per $1 bottom earners make
Arun Sundararajan · a16z Podcast | An Economics Take on the Sharing Economy · Jan 2, 2019 · at 13:12
NYU Stern Professor Arun Sundararajan cites JP Morgan Chase data during a discussion on the a16z Podcast regarding whether sharing economy platforms exacerbate wealth inequality.
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“They find that the top 20% of income earners are earning a little more through the sharing economy than the bottom 20%. But you look at that distribution, you compare that to the actual income distribution, and you see that it's redistributive, which is that People in the top 20% earn 10 times as much as, say, people in the bottom 20%, but they're earning a dollar 20 for every dollar that someone in the bottom 20% is earning from the sharing economy.”
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