PTON - Wall Street Breakfast: A New Gig

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. A new gigThe battle over the gig economy is far from over. Last year, companies like Uber (NYSE:UBER), Lyft (NASDAQ:LYFT), DoorDash (NYSE:DASH), Postmates (POSTM) and Instacart (ICART) sunk $200M into Proposition 22, which exempted them from treating drivers as employees in California. Instead, the app-based businesses promised new protections to workers, such as giving drivers 30 cents a mile driven to account for gas and other vehicle costs, healthcare subsidies for drivers who work 15 hours or more a week and occupational accident insurance coverage while on the job.Fast forward: While California voters ended up passing the measure with an overwhelming majority, a new ruling from California Superior Court Judge Frank Roesch said treating drivers as independent contractors was unenforceable. The effort broke the state constitution

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Wall Street Breakfast: A New Gig