- Peer-to-peer transportation pioneer Uber Technologies has found its global brand increasingly embattled during the COVID-19 pandemic amid declining ridership and increasing regulatory hurdles to its independent contractor payment model
- Seattle recently passed legislation imposing a sliding scale payment model on such companies to ensure drivers receive the equivalent of minimum wage, even if they are spending some down time between ride services.
- The law is based on a New York City decision imposed in 2018, which has shored up drivers’ sense of security but has reduced the number of drivers in use, increasing fare costs and wait times
- Uber is also battling a law in California that would require the company to classify its drivers as employees, pinning its hopes on a November election referendum that could overturn the law
- Uber gained a victory in London, where its business license had been suspended until officials ruled Sept. 28 that the company is performing in a responsible manner
Seattle has joined the list of municipalities requiring multinational peer transportation company Uber Technologies (NYSE: UBER) to pay independent contractor-status “gig” drivers in a way that more closely resembles what a company would pay its committed stable of employees.
The developments in the state of Washington underscore the transformation of the U.S. economy and its impact worldwide as companies such as Uber and…
For more information, visit the company’s website at www.Uber.com.
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