hard · SAT Reading & Writing
Text 1: The introduction of the 'sharing economy' through platforms like ride-sharing and home-rental services was hailed as a way to increase the efficiency of underutilized assets. By allowing individuals to monetize their personal vehicles and spare rooms, these services create new income streams and reduce the need for total ownership. Text 2: Economic analyst Julian Vance argues that the sharing economy often functions more as an 'access economy.' He points out that as platforms grow, they often attract professional investors who purchase properties or cars specifically for rental. This professionalization [ ] the original goal of empowering individual owners, as small-scale participants are crowded out by those with more capital.
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