that Uber and Lyft owe more than $1.3 billion in payments to drivers in California pursuant to AB5.
The two companies are expected to appeal the ruling, which they said would put a strain on their revenue and potentially force them to shut down their apps in the state. San Francisco Superior Court Judge Ethan Schulman paused the injunction on Monday's ruling for 10 days to give the companies time to appeal.
Uber has publicly acknowledged that drivers suffer from a lack of benefits, but asserts that drivers benefit from the flexibility afforded by independent contractor status. Uber CEO Dara Khosrowshahi argued in a Monday that lawmakers should require gig work employers to provide some benefits to workers, but not the full benefits associated with full-time employees.. "It forces every worker to choose between being an employee with more benefits but less flexibility, or an independent contractor with more flexibility but almost no safety net."Axel Springer, Insider Inc.'s parent company, is an investor in Uber.
So much for the so called free market Are we becoming communists
Never even thought that it could happen in the US.
it's over.
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:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
After Uber reports plummeting rides, traders look ahead to Lyft earningsUber's stock plummeted after it reported a steep drop in gross ride bookings in its recent quarter. But it more than doubled bookings in its Eats business. Lyft, which will be reporting Thursday, does not have that degree of diversity in its portfolio.
Source: CNBC - 🏆 12. / 72 Read more »
If you're unemployed, Business Insider wants to hear from you - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Thank god, it’s only for US
Source: BusinessInsider - 🏆 729. / 51 Read more »
71% of US tech employees would move abroad if they worked remotely - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Hello Traders, Do you want to expand your business on a social media platform? So you are in the right place. I will help to grow your business. My FiverrGig -
Source: BusinessInsider - 🏆 729. / 51 Read more »
How I'm supporting Black- and women-owned businesses during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I’m good with doing business with good companies regardless of the owner’s colour, but i’ve never been really trendy.
Source: BusinessInsider - 🏆 729. / 51 Read more »