At the World Economic Forum in Davos, Harvard law professor Yochai Benkler warned of the emerging instability caused by the collaborative economy.

In his intense six-minute talk, “Challenges of the Sharing Economy,” Benkler notes how open networks and collaborative production models have led to the “destabilization of the firm," and ultimately threaten to bring about “the potential reorganization of the entire services sector.” 

Certainly, many service businesses will be marginalized by the collaborative economy. Anytime there is a market shift, stagnant incumbents either will have to innovate or they will be pushed aside. This includes employee continuing to develop.

In addition, we challenge anyone to interview Uber and Lyft drivers out there. It has been our experience that for every disgruntled driver, host or marketplace artist you will find 50 individuals that appreciate the opportunity to earn income that they didn't have before. 

In short, the sky is not falling; rather it's a new dawn, a new day...