By Tyler Durden While Uber and Lyft may have found some respite on Election Day, with California voters allowing the two companies to continue to function as "gig" companies that don't need to take on the liabilities of employing their independent contractors, that doesn't mean the ridesharing giants won't face continued business model pressures elsewhere in the … [Read more...] about New Jersey Slaps Lyft With $16 Million Tax Bill, Continuing Pressure On “Gig Economy” Business Model
Employment
Uber, Lyft Shares Soar After California Voters Pass Proposition 22
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
Ride Sharing and the Absurdity of “Protecting” Workers Out of a Job
By Raymond C. Niles Lyft and Uber have gotten a temporary reprieve and have been walked back from the gallows. A California appeals court has issued a temporary restraining order barring enforcement of California law AB5, which would have forced both companies to reclassify their drivers as employees, rather than as independent contractors. Both companies had planned to shut … [Read more...] about Ride Sharing and the Absurdity of “Protecting” Workers Out of a Job
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
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
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
The Adverse Impact of Government Bureaucracy on Private Employment
By Daniel J. Mitchell When I did this video about public-sector compensation almost 10 years ago, I focused on why it is unfair that bureaucrats get much higher levels of compensation than people working the private sector. Today, let’s consider the economic consequences of excessive bureaucracy. And what will make this column particularly interesting is that I’ll … [Read more...] about The Adverse Impact of Government Bureaucracy on Private Employment
Crypto Employment Abounds With More Than 8,000 Jobs in 2020
By Jamie Redman During the last year, the cryptoconomy has picked up pace after a drawn-out crypto winter. When market prices were low and startups were short on capital, a bunch of firms laid off employees in 2018. A year later, and digital currency companies are hiring. Following Thousands of Layoffs, Crypto Companies Start Hiring Again Cryptocurrency and … [Read more...] about Crypto Employment Abounds With More Than 8,000 Jobs in 2020
5 Things Budding Professionals Can Do to Manage Their Personal Brand
By Chloe Anagnos The internet has changed the way people interact, do business, and remain relevant. That’s why building a brand is no longer only about establishing companies and cultivating their reputations. Now, entrepreneurs, industry leaders, and just about anyone with a career (or trying to build one) can benefit from having a personal brand. When you’re ready to … [Read more...] about 5 Things Budding Professionals Can Do to Manage Their Personal Brand