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
Employment
Three Ways that Workers Can Be Underpaid
By Donald J. Boudreaux There are three ways that a worker – call him Joe – can legitimately be said to be underpaid. One way – the way that is identified in modern economics textbooks – is for Joe’s pay (wage plus fringe benefits) to be below the value of his marginal product (“VMP”). If Joe is one of four janitors employed by Acme Inc. and is – like his co-workers – paid … [Read more...] about Three Ways that Workers Can Be Underpaid
Seattle Just Passed a New Tax on Jobs in the Middle of an Economic Crisis—But Exempted Government Workers
By Brad Polumbo The city of Seattle is already struggling. With a new tax on jobs, its city council seems determined to make things even worse. The COVID-19 pandemic and local government lockdowns economically decimated Washington state in March, with Seattle hit especially hard in the early days of the virus’s spread. In the immediate aftermath of the COVID-19 outbreak, … [Read more...] about Seattle Just Passed a New Tax on Jobs in the Middle of an Economic Crisis—But Exempted Government Workers
Working from Home? Here are Five Ways to Reduce Procrastination and be Productive
By Fuschia Sirois, University of Sheffield If you have been asked to work from home during the coronavirus pandemic to help slow the spread of the virus, you might be quite happy about it at first. Think of the benefits such as saving on commuting time and expenses, and being in a comfortable environment. But the home environment has numerous distractions that can make it … [Read more...] about Working from Home? Here are Five Ways to Reduce Procrastination and be Productive
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