Macro trade has occurred over hundreds of years. The economic model depicting specialization is clear. If you’re better at something the someone else you’re able to make more money.
Corporations inherit this same model. You hire people to do specific jobs within an organization. Not all one person, but a tech person, a salesperson, a designer, etc.
This level of shared responsibility has not entirely made its way down to the personal level of people’s daily lives. Yes, you may hire a cleaner, and you send your kids to a learning institution, but most people don’t outsource everything.
But why not? I’mI’m currently sitting here outsourcing my music curation tastes to noon pacific. I’m outsourcing news reading to morning brew. Why shouldn’t I outsource every aspect of my life to a perfected system…? How far could we take this system? How much better would that make me at my specialization?
All aspects of my life should be outsourced to a specific curator who specializes in my particular tastes. I still pick the trends I enjoy (hipster chic?), but let people specialize in particular parts of that overall trend.
This theory plays well with another concept, the entrepreneurial idea of 1000 fans, which I rediscovered recently due to Kai’s awesome newsletter. The high-level concept is if 1000 people love your work enough to pay you $100 a year for it, you can live a good life. You don’t need millions of fans, just one thousand.
If we were to all outsource our skills for potentially 1000 people to utilize them, we’d live in a pure sharing economy. Since this model proved useful to the growth of macroeconomics, we can say this would likely prove fruitful for microeconomics.