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Gig Economy

New Jersey Slaps Lyft With $16 Million Tax Bill, Continuing Pressure On “Gig Economy” Business Model

November 7, 2020 by Counter Markets

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

November 4, 2020 by Counter Markets

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

February 5, 2020 by Counter Markets

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

December 21, 2019 by Counter Markets

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

September 19, 2019 by Counter Markets

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

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