Uber and Lyft spend big in California to oppose gig worker law
Filed under: Government/Legal,Green,Transportation Alternatives,Technology
The two ride-hailing companies would each face more than $392 million in annual payroll taxes and workers' compensation costs even if they drastically cut the number of drivers on their platforms, a Reuters calculation showed. The companies say they would need to significantly hike prices to offset at least some of those additional costs, which in turn would likely cause a decrease in consumer demand, but cushion the blow of the added costs to the bottom line.
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Uber and Lyft spend big in California to oppose gig worker law originally appeared on Autoblog on Mon, 5 Oct 2020 09:20:00 EDT. Please see our terms for use of feeds.
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