California Is Jeopardizing Uber And Lyft’s Business Model

But also that of all the actors of the gig economy…

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Photo by Thought Catalog on Unsplash

A Requalification That Changes Everything

In concrete terms, this requalification will enable drivers to benefit from the social protection they were deprived of until now, which includes in particular:

  • Health insurance
  • Pension
  • Maximum working hours and minimum wages

A Movement That Could Be Followed By Other US States And Countries

The threat is great for Uber and Lyft to see other US states follow California Assembly’s lead. Worse still, other countries could follow suit and vote for the same type of obligations.

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Evolution of the Lyft share price since its IPO

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Entrepreneur / Developer / Blogger / Author. In Bitcoin We Trust: https://www.inbitcoinwetrust.net

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