By Brad Polumbo Millions of Americans, myself included, have come to rely on ride-sharing services like Uber and Lyft for convenient and affordable transportation. But in recent months, we’ve seen skyrocketing prices and long wait times just to get a ride. As it turns out, the government is to blame, to no surprise. First, let’s be clear: We’re not just talking about … [Read more...] about Uber, Lyft Prices and Wait Times Are Surging—Here’s Why
Gig Economy
New Jersey Slaps Lyft With $16 Million Tax Bill, Continuing Pressure On “Gig Economy” Business Model
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
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
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 War on Gig Work Falls Hardest on Women
By Ben Johnson This year, California’s progressives decided to wage war on the nightmare of being your own boss. A new state law aimed at limiting the gig economy has already cost hundreds of people their jobs—and had a seriously harmful impact on women’s earnings and long-term happiness. Assembly Bill 5 curbs the ability of companies like Uber and Lyft to classify their … [Read more...] about California’s War on Gig Work Falls Hardest on Women