Uber CEO says prices to double in small cities if voters reject Prop 22 - Business Insider

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Uber's CEO says it will have to double prices in some cities if California voters reject its bid to avoid classifying its drivers as employees

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If passed, the companies will pay into a floating benefits fund that will follow workers across apps and jobs, while maintaining flexibility. To make up for that, CEO Dara Khosrowshahi said Tuesday, fares would rise — in some cases as much as 100%. Uber's bid to replace California's gig-worker law with its own proposal is in the final stretch, and the company is warning that prices could skyrocket if the measure fails in two weeks.

 

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