FTC promises crackdown on companies taking advantage of gig workers

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The agency is taking action against gig companies who deceive their workers about pay and hours, impose unfair contract terms and engage in anticompetitive wage fixing.

and the agency's Serving Communities of Color report, the policy statement notes that 16% of Americans are earning money through an online gig platform and that 30% of Latino adults, 20% of Black adults and 19% of Asian adults have engaged in gig work, compared to 12% of White adults. has previously forecast that the gig economy could generate $455 billion in annual sales by 2023.

In order to hold gig companies accountable, the agency says it will scrutinize potentially unfair terms imposed on gig workers, including non-compete clauses, liquidated damages clauses and nondisclosure agreements.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Hopefully instacart is one of the first exploitative companies they look into and hopefully these companies are not just slapped on the wrist with a fine! More needs to be done instead of just fining them!!!

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The FTC promises to investigate gig companies over wage-fixingFederal probes could spell trouble for Uber, Lyft, and Instacart.
Source: verge - 🏆 94. / 67 Read more »

FTC sends a warning to Uber, Lyft, DoorDash and other 'gig-work' companiesThe FTC said Thursday that it plans to crack down on the exploitation of gig workers, whom the agency said are entitled to protection regardless of their worker classification. Wonder if this helped spur their response
Source: MarketWatch - 🏆 3. / 97 Read more »

Railroad Unions and Companies Reach a Tentative Deal to Avoid a StrikeThe governor, the state’s major ports and anyone who relies on goods shipped by rail (i.e. pretty much everyone) can rest a little bit easier after major rail companies and rail worker unions reached a tentative deal on Thursday. Go union! costing the tax payers yet again
Source: CalMatters - 🏆 261. / 63 Read more »