Technological innovation is transforming economic exchange. Just a decade ago, the online platform economy comprised a handful of marketplaces connecting independent sellers to buyers of physical goods. Today, many consumers use software platforms to procure almost any kind of good or service from independent suppliers as a routine part of daily life. Have these innovations created viable new options for making a living?
In its latest research, the JPMorgan Chase Institute analyzes 38 million payments directed through 128 different online platforms in four sectors of the online platform economy: transportation, non-transport work, selling and leasing.
Here are some of the key findings:
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