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
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
California Is Trying to Roll Back the Gig Economy but “Natural Liberty” Will Prevail
By Barry Brownstein More than 20 years ago, Dan Pink, former chief speechwriter for Vice President Al Gore, foresaw the gig economy. In a 1997 essay, “Free Agent Nation,” for the then-fledgling magazine Fast Company, Pink estimated “more than 16% of the American workforce” were free agents—"people who move from project to project and who work on their own, sometimes for … [Read more...] about California Is Trying to Roll Back the Gig Economy but “Natural Liberty” Will Prevail
A Retirement Plan Tailor Made For The Gig Economy Era
By Joe Jarvis Ten years ago most of us couldn’t imagine getting in a stranger’s car for a ride. Or imagine the shock of your friends and family if you told them you had met a stranger online, and they would be paying you to stay in the spare bedroom for a weekend. In 2009 Uber launched, and Airbnb was only a year old. Now millions of people use these platforms to make … [Read more...] about A Retirement Plan Tailor Made For The Gig Economy Era
Did California Just Kill the Gig Economy?
By Brittany Hunter California may have just passed a death sentence on the gig economy. Late Tuesday night, as many California residents slept in their beds, the state legislature passed a bill that is expected to impact hundreds of thousands of independent contractors across the state. For months now, the state assembly has been debating controversial legislation … [Read more...] about Did California Just Kill the Gig Economy?