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.

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

Author — Eric Li

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

Author — Rob M

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Uber and Lyft are using PUBLIC roads to conduct business and to profit. They must obey state laws; otherwise, they will face fines or they can cease their business.

Author — R Salehi

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

Author — Life and Art

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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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The more you need to pay drivers the quicker self-driving cars will be come into use. If these drivers get full benefits they probably have a good 4-5 years max to enjoy them.

Author — mikeinchina

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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

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these uber and lyft jobs are shit, low class crap jobs...better for those folks to actually get a trade like being a plumber or electrician..not anywhere nearly enough of those..last time a checked, even during a recession, pipes break...I laugh everyone tells me they work for this gig economy crap..such shit...it's a cute way for people to justify their poverty and ZERO job growth prospects

Author — kappelmeister123

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What a jackass. The reason Uber subcontractors were mad is because alot of us spent 20k plus on a car and all the sudden driver rates went down from 1.25 a mile to 58 cents a mile, additionally the bonus went from 1k a month down to $200. It has to do with MONEY/PAY not health insurance or 401k... Please have someone on your show that's not a paid puppet for uber/lyft.


Did I also forget to mention the new surge price structure also lowered our pay?

Author — f rad