By Tyler Durden According to the Associated Press, gig economy companies Uber Technologies Inc., Lyft Inc., and DoorDash Inc. have prevailed in their expensive quest to keep drivers classified as independent contractors. California voters approved Proposition 22 Tuesday evening, which would exempt gig-economy companies from a state law requiring them to classify their … [Read more...] about Uber, Lyft Shares Soar After California Voters Pass Proposition 22
California
Uber Warns Of 111% Price Hikes After California Judge Rules Drivers Are Employees
By Tyler Durden Uber has warned that it may have to hike prices up to 111%, after a San Francisco judge ruled on Monday that the ride-sharing company, as well as its competitor Lyft, must classify their drivers as employees - a move which will disproportionately affect low-income customers. The ruling means that the companies will be required to provide various benefits … [Read more...] about Uber Warns Of 111% Price Hikes After California Judge Rules Drivers Are Employees
Why the Movie Industry Is Fleeing California
By Jen Maffessanti Ah, Hollywood. The Mecca of filmmaking. Thousands of would-be actors, screenwriters, and directors flock to Los Angeles, California to fulfill their dreams of becoming a star because, after all, that’s where movie-making happens. Everyone knows this. And for close to a century, it was true. But today, Hollywood—the way we generally think of it—is … [Read more...] about Why the Movie Industry Is Fleeing California
Government: Taking the Freedom Out of Freelancing
By Allison Schrager As I headed to LAX after a recent trip to Los Angeles, my Lyft driver insisted that we stop at In-N-Out Burger so that I could enjoy one last California experience. We ate the burgers outside, as planes flew above us. My driver, a professional photographer, works for Lyft to supplement his irregular income. His story is common. Most drivers that I’ve … [Read more...] about Government: Taking the Freedom Out of Freelancing
California’s Contractor Law Violates Free Speech
By Robert E. Wright It is becoming increasingly difficult to reject the hypothesis that California lawmakers are trying to solve their state’s notorious housing crisis by driving out everyone who isn’t a lover of earthquakes, fires, to-die-for weather, and arbitrary government. Their latest Constitutional faux pas is AB5, which, among many other things, limits California … [Read more...] about California’s Contractor Law Violates Free Speech