24-02-2025
Shared Economy Services Disrupts the American Economy with Its Contributive Mutual Subscription Structure
Kody Boye
Contributor
Hear this story
Five years ago, Robert Wallach (Bobby) had an idea that seemed radical: to revolutionize the gig economy by eliminating the distinction between employees and independent contractors. He even identified a groundbreaking method that could save ride-hailing companies annually by restructuring their car insurance. Yet, his innovative ideas were dismissed. 'They laughed and sent me packing,' he recalls. Today, the vision has grown into Shared Economy Services (SES), a benefits company poised to upend the traditional labor market.
SES stands as a disruptive force in the gig economy offering a framework that provides portable, comprehensive benefits to freelancers, gig workers, and companies with 25 employees or less, while potentially reducing costs for employers. Robert's creation is no longer just an idea; it is a movement with the potential to fundamentally alter the U.S. workplace, and the economy at large.
The journey began with a simple observation: companies in the gig economy were insuring the same workers multiple times. 'Every driver has multiple apps running, and yet, each company is paying insurance for the same person. It's inefficient, costly, and unnecessary,' he explains.
When the pandemic struck, Robert retreated into what he calls his 'little cave,' mourning the rejection of his ideas. But this period of isolation turned into a moment of clarity. 'I realized I didn't need these companies to implement my vision. I could build a system for everyone, by everyone.' He set out to create a platform that would address the inefficiencies of the gig economy while providing workers with benefits traditionally reserved for full-time employees. SHARED ECONOMY SERVICES was born, and with it, a new way of thinking about labor in the 21st century: The People Cloud (™) and SES Drive.
At its core, SES offers a subscription-based innovation that eliminates the distinction between employees and independent contractors. Through its proprietary system, SES provides portable benefits—including healthcare, retirement plans, workers' compensation, and life insurance—directly to its members.
'Workers shouldn't have to choose between flexibility and security,' Robert emphasizes. 'SES makes job classifications irrelevant by giving workers control over their benefits, no matter where they work or what they do.'
The SES model can also offer significant cost savings for employers. By removing the regulatory and administrative burdens of conventional benefit systems, this company may reduce labor costs by up to 30%. Meanwhile, their employees/workers could increase their net income—all this while allowing businesses to focus on their core operations and financial goals.
The potential ripple effects of SES are staggering. Currently, gig workers often face economic insecurity, working 60 to 70 hours a week to make ends meet. SES changes the equation. 'When workers keep their entire income and have access to affordable benefits, it's transformative,' says the founder.
Despite its early successes, Robert knows the road to widespread adoption won't be easy.
The goal? To equalize the American workplace so that gig/independent contractors and legacy employment are equal. How? By creating the first meritocracy in hiring The People Cloud (™) and providing all the work required, the full contract value is given to the worker, including the spectrum of life-desired benefits. The People Cloud (™) is an alphanumeric universe with proprietary AI for both workers and employers. SES uses proprietary AI decision-making technology to change the alphanumeric scores associated with both members and employers.
SES' proprietary AI manages those scores based on actual life, career, and life-event variables' value.
Bobby is also working to broaden SES' reach through strategic partnerships with those companies and organizations in the business and consumer markets whose participation will contribute to the positive disruptive technology being deployed. From tech startups and mobility/logistics companies to new firms across the entire small business spectrum, SES is building a network designed to support workers and employers across all sectors.
This visionary founder's drive to transform the labor market goes beyond business metrics. 'I want to give everyone something as simple as a free cup of coffee any size, every day, in their own community restaurants and cafes,' he says, referencing SES' mission to also provide small but meaningful benefits to its members and be an integral part of every community.
As Shared Economy Services continues to attract extraordinary talent & experience and increases its momentum, Bobby retains his passion and remains steadfast in his vision. He states: 'We're solving a socioeconomic problem that has resisted a solution for over 75 years. This isn't just about gig workers—it's about creating a new workplace and system that works for everyone. SES is a paradigm change of how Americans work and enjoy life.'
**Investing involves risk, and your investment may lose value. Past performance gives no indication of future results. These statements do not constitute and cannot replace professional investment or financial advice.
