'Gig work' rule is in Biden administration's crosshairs, sending DoorDash and Lyft stocks to all-time lows

The Labor Department on Tuesday proposed a rule that could cut at the heart of the business models of Uber Technologies Inc., Lyft Inc., DoorDash Inc. and other companies that primarily rely on “gig workers,” and could affect the classification of contract workers in many other industries.

Ride-hailing giants Uber and Lyft issued optimistic statements about the new rule Tuesday, while DoorDash and Instacart referred MarketWatch to the Flex Association, which did not immediately return a request for comment. According to the department’s news release, its Wage and Hour Division considered feedback from stakeholders over the summer and is now asking for comment on the proposed rule. Starting Thursday, there will be a 45-day comment period that ends Nov. 28. If the proposed rule is finalized, it is expected to take effect early next year.

They aren’t employees

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Meta Platforms real estate executive says company will 'recalibrate our space' - Silicon Valley Business JournalMeta Platforms' real estate presence in the Bay Area accounts for about 10 million square feet of existing office space with another 2.3 million in the works Facebook Meta
แหล่ง: svbizjournal - 🏆 334. / 59 อ่านเพิ่มเติม »

RingCentral added to ‘zombie’ stocks list by equity research firm New ConstructsCloud-based communication company RingCentral is a 'cash incinerator' at risk of declining to $0 per share, according to equity research firm New Constructs. RingCentral’s stock has fallen 80.9% in 2022, outpacing the S&P 500 index’s decline of 24.3%. My firm used to use them, they were atrocious. Good riddance. At 30%+ yoy growth for the last 5 years? Are we talking about $RNG here $goev has to be on there soon
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »