Uber (UBER)
Lyft (LYFT)
Joe Biden
As the Biden administration in the United States attempts to alter how drivers-for-hire are classified, businesses engaging in the “gig economy” may need to brace for a knock to their bottom lines. Shares of Uber and Lyft were declining yesterday after a new policy proposal was published.
Illustrated Uber and Lyft Services
Labor Department Submits New Regulation
On October 11th, the American Labor Department released a proposal that, if accepted, would change the gig economy’s power dynamics between employers and employees. Numerous market sectors in the United States currently classify millions of workers as independent contractors.
Digital Information Publishing 