Gig economy lives on after California passes Uber-led referendum

San Francisco (AFP) – The so-called “gig economy” survived a key test in Tuesday’s election as California voters approved a referendum backed by ride-hailing giants such as Uber which preserves the use of contractor-drivers and potentially opens the door to wider adoption of that model.The initiative known as Proposition 22 backed by Uber, Lyft and other on-demand companies appeared headed for passage as the measure was backed by some 58 percent of state voters, according to incomplete results.The measure effectively overturns a state law which would require the ride-hailing firms and others t…

Read More

HEDGE accordingly