NYU professor on gig economy: Not all Uber, Lyft drivers will welcome CA legislation

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NYU professor on gig economy: Not all Uber, Lyft drivers will welcome CA legislation 4
Arun Sundararajan, professor of entrepreneurship at the NYU Stern School of Business and Author of "The Sharing Economy," joins CNBC's "Closing Bell" to discuss California's attempt to rein in the gig economy.

💬 Comments on the video
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For years I've seen the job posting. It clearly reads that Uber wants to control you as an employee but doesn't want the responsibility of an employer. I've wondered how they were allowed to circumvent the federal laws that say everything Uber demands of a contractor is only allowed if they were employees. These people that want to work for Uber or Lyft also need to keep in mind they're now considered self employed. Which means you will pay a higher income tax and you will have to file and pay taxes every 3 months.

Author — blue03r6

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Employees don't have to have a fixed schedule 🤦‍♂️. It's up to the business how they structure work hours.

Author — Brandon Reed

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California democratic super majority can’t help but push through stupid laws that penalize business for a utopian progressivism. A one party state stuck in an ideological bubble with champagne socialists enjoying the bouquet of their own craptastic koolaid with complimentary needle exchange cocktail stirrer.Isn’t it ironic that California Democrats bring out a whip for businesses while embracing lawlessness as it hamstrings law enforcement and ignores illegal laborers in its desire to create a sanctuary state by fiat.

Author — databang

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They don’t welcome Uber and Lyft determining when they can log on and off but the bill doesn’t make them do that.
Uber and Lyft are lying about that to scare drivers. They can regulate pay scale by the amount of trips they take each week.

Author — Timmy

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it doesn't pay its drivers to drive back to a location that they came from anyway so really the drivers are getting ripped off because the drivers don't take into account all of the distance and hours that they have to drive back over the span of a week which equals less money than they think they're making and then after they've spent gas money and paid for other other expenses they really didn't make any money they just think they did and that's how these companies are taking advantage of these drivers

Author — Computer Scientist

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the flexibility argument is a red herring ... as a driver you need to drive when there is demand or you will get no rides. This is a fear tactic and a false argument. What uber/lyft need to do is pay their drivers and stop cutting driver rates!!!

Author — Nelson Menard

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Do journalists do not know what they're talking about listen to the Rideshare professor before you do your story listen to Kevin the apptrepreneur listen to Harry the Rideshare guy they're all your resources right there

Author — nathaniel Davies

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whenever you want. there is no demand most of the day

Author — Kevin James

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UBER and LYFT are abusing the public and government largess:
Public roads
No health insurance
No payroll taxes
Driver mileage payments at or below IRS vehicle mileage write-offs.

Author — R Salehi

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Since no one knows how this will really affect things, what is there not to like at this point

Author — tjames

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Drivers should just fight for 20/80 split instead of being an employee.

Author — Eric Li

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While most of the drivers are part time, full time drivers do the vast majority of the rides.

Author — Black Stoic

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Those suits professionals are making up stories in behalf of the drivers, most drivers if not all want to be treated as human beings as employees with all the benefits that these suits are enjoying from instance to SS to WC.
Either Uber treat its drivers as employees or leave the market to others who can.
Goodbye Uber.

Author — P A

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That's why the state of California is so upside-down they just looking for tax dollarsif drivers want to be self-employed let him be self-employed if they really wanted a job they well look for a real job the problem is California is money hungry just like New York

Author — Havi g

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If Uber and Lyft paid their drivers well, they wouldn’t have come to this. They’re greedy and deserve it.

Author — Ron Si

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Awful bill. Uber and Lyft fares are about to soar in California.

Author — Rob M

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You’ll run down your transmission before Uber/Lyft budge on better driver rates. They are effectively cashing in on the value of your life and car. Thank you next!😈

Author — Jose Sandoval

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For a driver to be self employed, they must satisfy the following:
Establish a transportation business
Acquire a EIN from the IRS
Complete drug and health tests
Purchase commercial insurance
Acquire city permit
Open a bank business account

Author — R Salehi

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For all the bad comments about uber and Lyft, you guy must be still driving for them, stop crying and quit already. If you cant make any money driving for these companies then go find another job, stop crying !!!!

Author — MAD DOG guzman

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I swear to god, CA just can’t stop shooting itself in the head. Uber and Lyft should tell this state to go to hell and pull out.

Author — Phuk Yu