Prop 22 Explained: California Voters Embrace Legal Exemptions For Uber And Lyft

by finance.yahoo.com posted 7months ago 57 views
California voters Tuesday embraced a first of its kind ballot measure that allows app-based transportation and delivery drivers to remain classified as independent contractors, despite state law AB5, passed in 2019 and went into effect in January, that says otherwise. Companies Uber and Lyft, as well as DoorDash, Uber’s Postmates and Instacart, all at the center of a $200 million plus push for an exemption to the law, can celebrate a victory that’s expected to save the gig economy firms from major costs of doing business in the state.

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