For Immediate Release: July 14, 2015
CONTACT: Stephanie Freedman, (408) 348-0687
California Young Republican Federation Responds to Hillary Clinton’s Attacks on the Sharing Economy
SAN FRANCISCO – Today, California Young Republican Federation Chairman Matthew Del Carlo responded to Democratic presidential candidate Hillary Clinton’s attacks on California’s sharing economy businesses such as Uber and AirBnB in her speech to the The New School in Manhattan. In her speech, Clinton declared that companies who participate in the sharing economy are guilty of “wage theft”, and further called the industry a “gig economy”.
“I find it indefensible that Hillary Clinton is joining bureaucrats throughout California in condemning the revolutionary innovations that have come out of Silicon Valley, and the entrepreneurs who have built the very industry that is driving the future of our economy,” said CYRF Chairman Matthew Del Carlo. “Silicon Valley is experiencing a renaissance that started 30 years ago by young adults, that continues to be driven by millennials. Some of the best and brightest have worked to build the sharing economy with the audacity to change the way we view the world around us by disrupting the status quo. We see this in the way Uber CEO Travis Kalanick, along with his team, created a visionary idea that changed the way we view the transportation industry and the many other companies that have joined them in this journey.”
As of January 2015, Uber contracts with 162,037 active drivers and AirBnB has 800,000 listings worldwide. The average Uber driver in San Francisco earns $23.52 per hour, which is $9.78 more than an average San Francisco Taxi Cab driver and $14.52 more per hour than the state minimum wage. In Los Angeles, the average Uber driver earns $16.98 per hour, which is $5.25 more than the average taxi cab driver and $7.98 than the state’s minimum wage. In an analysis of by the PwC, the sharing economy generated $15 billion in revenue in 2014, and is estimated to reach $335 billion in 2025.
“Currently, under Democrat leadership, our economy is struggling; hardworking Americans are unemployed or underemployed; while the sharing economy has created opportunity. Whether it be the student who is trying to make ends meet, the single mom who needs flexible hours, the grandfather who wants a way to make extra money in his free time; the sharing economy has revolutionized the job market for the working class. To denounce these advances shows how out of touch Hillary Clinton is with everyday Americans and the future of our country,” concluded Del Carlo.