Tag Archives: pricewaterhouse

The Shiny New "Sharing Economy" Is Sure Starting to Seem Awfully Old-Fashioned

by GertieFarfan Posted on September 30, 2015

Mother Jones

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Brian Fung writes today about Amazon’s new package delivery scheme:

Flex, Amazon’s new on-demand delivery service, promises to get your packages to you even sooner by hiring independent drivers to bring them to your house. As a lot of reports have pointed out, Flex is basically Uber for Amazon packages.

But, speaking of Uber, how will Amazon’s leap into on-demand logistics affect the rest of the sharing economy?

….Amazon Flex says it will pay its delivery drivers $18 to $25 per hour. They can elect to drive for two-, four-, or eight-hour shifts. In exchange, they need to supply your own car, a driver’s license and an Android phone so that they can install Amazon’s driver app….Compare that to ridesharing services whose drivers get to maximize their flexibility but whose income is more variable. For some, this trade-off may be worth it.

….Amazon Flex is betting that as the economy improves, there will still be people who are willing to work in the sharing economy rather than returning to full-time jobs….Research from PricewaterhouseCoopers predicts the sharing economy will become a $335 billion business by 2025 — up from $15 billion a year today.

Let’s slow down here. What exactly is the “sharing economy”? Originally it was sort of like renting. Time rhapsodized about it in 2011: “The true innovative spirit of collaborative consumption can be found in start-ups like Brooklyn-based SnapGoods, which helps people rent goods via the Internet. Or Airbnb, which allows people to rent their homes to travelers.”

Then it morphed into “Uber for ____” companies. Uber, of course, doesn’t really allow you to share your car with other people. It’s your car and you’re the only one who drives it. Rather, Uber provides infrastructure and scale that allows you to become an on-demand taxicab whenever your schedule allows it.

Now it’s apparently morphed even further. In some sense, Uber allows you to “share” your car with your passengers. That’s a stretch, but Flex doesn’t even provide that. The only thing you’re doing is “sharing” your car with the packages you’re delivering. By that standard, all of us are part of the sharing economy, since we “share” our bodies and brains with employers in order to accomplish tasks that our employer gives us.

In this case, Amazon is doing nothing more than hiring drivers as independent contractors so that it doesn’t have to pay benefits and doesn’t have to pay them if there aren’t any packages to deliver. (You can pick your own shift, but only if a shift is available.) The only real innovation here is that Flex might1 allow you to work odd hours here and there, which is convenient if you have other commitments that prevent you from working a normal schedule. Mostly, though, it’s just Amazon taking the 21st century mania for scheduling workers on a day-to-day basis and instead scheduling them hour-to-hour.

In any case, it now seems as though the “sharing economy” is any job that’s somehow related to a scheduling app and provides workers only with odd bits and pieces of work at the employer’s whim. In other words, sort of like manual laborers in the Victorian era, but with smartphones and better pay. No wonder PricewaterhouseCoopers thinks it will grow to $335 billion over the next decade. By that standard, I’d be surprised if it didn’t break $1 trillion.

1I say “might” because it all depends. Maybe jobs really are first-come-first-serve. Or maybe Amazon will start to favor workers who regularly take as long a shift as Amazon wants them to take. Or perhaps Amazon will start to push offers out to workers, and downrate those who don’t accept them frequently enough. Who knows?

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The Shiny New "Sharing Economy" Is Sure Starting to Seem Awfully Old-Fashioned

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This Legendary Accounting Firm Just Ran the Numbers on Climate Change

by JeseniaYnh Posted on September 10, 2014

Mother Jones

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With every year that passes, we’re getting further away from averting a human-caused climate disaster. That’s the key message in this year’s “Low Carbon Economy Index,” a report released by the accounting giant PricewaterhouseCoopers.

The report highlights an “unmistakable trend”: The world’s major economies are increasingly failing to do what’s needed to to limit global warming to 3.6 degrees Fahrenheit above preindustrial levels. That was the target agreed to by countries attending the United Nations’ 2009 climate summit; it represents an effort to avoid some of the most disastrous consequences of runaway warming, including food security threats, coastal inundation, extreme weather events, ecosystem shifts, and widespread species extinction.

To curtail climate change, individual countries have made a variety of pledges to reduce their share of emissions, but taken together, those promises simply aren’t enough. According to the PricewaterhouseCoopers report, “the gap between what we are doing and what we need to do has again grown, for the sixth year running.” The report adds that at current rates, we’re headed towards 7.2 degrees Fahrenheit of warming by the end of the century—twice the agreed upon rate. Here’s a breakdown of the paper’s major findings.

The chart above compares our current efforts to cut “carbon intensity”—measured by calculating the amount of carbon dioxide emitted per million dollars of economic activity—with what’s actually needed to rein in climate change. According to the report, the global economy needs to “decarbonize” by 6.2 percent every year until the end of the century to limit warming to 3.6 degrees Fahrenheit. But carbon intensity fell by only 1.2 percent in 2013.

The report also found that the world is going to blow a hole in its carbon budget—the amount we can burn to keep the world from overheating beyond 3.6 degrees:

The report singles out countries that have done better than others when it comes to cutting carbon intensity. Australia, for example, tops the list of countries that have reduced the amount of carbon dioxide emitted per unit of GDP, mainly due to lower energy demands in a growing economy. But huge countries like the United States, Germany, and India are still adding carbon intensity, year-on-year:

Overall, PricewaterhouseCoopers paints a bleak picture of a world that’s rapidly running out of time; the required effort to curb global emissions will continue to grow each year. “The timeline is also unforgiving. The Intergovernmental Panel on Climate Change and others have estimated that global emissions will need to peak around 2020 to meet a 2°C 3.6 degrees F budget,” the report says. “This means that emissions from the developed economies need to be consistently falling, and emissions from major developing countries will also have to start declining from 2020 onwards.” G20 nations, for example, will need to cut their annual energy-related emissions by one-third by 2030, and by just over half by 2050. The pressure will be on the world’s governments to come up with a solution to this enormous challenge at the much-anticipated climate talks in Paris next year.

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This Legendary Accounting Firm Just Ran the Numbers on Climate Change

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