victor hwang

Here’s some news that might surprise you: Uber will lower America’s gross domestic product .  In fact, it has already started.  The more Uber grows, the worse our GDP will get.  And it’s not just Uber.  Many of its startup cousins—like Lyft, Airbnb, and others—are also guilty of shrinking our economic growth numbers.  The trend is about to become an epidemic.

How could that possibly be, you might ask?  How could new technology that gives us better, higher quality services diminish our economy?  Isn’t innovation supposed to make economies grow bigger and stronger?