Bring on the Share Economy
In the feature "Curing Unemployment," Forbes magazine called on a handful of experts to propose unorthodox ways to create jobs without spending taxpayer money. Professors Ian Ayres and Barry Nalebuff revisited the share economy, a plan for stimulating job demand developed by Harvard economist Marty Weitzman in 1985. "According to Weitzman, the trick to reducing unemployment is to pay employees a fixed share of revenue (or profits)," they explain. "Some of the compensation could still be traditional hourly wages, but the sharing component creates the incentive to expand employment."
Read "Bring on the Share Economy" in the September 13 issue of Forbes.