Uber and Lyft – Four Letter Words?

California blinked. Last week, corporate colossuses Uber and Lyft threatened to cease operating their ride-hailing services in response to the state’s demand that they treat their drivers as full-time employees rather than independent contractors. California’s Assembly Bill 5, which stipulates that so-called “gig-workers” must be protected and given benefits such as a minimum wage and unemployment insurance, went into effect in January 2020. Uber and Lyft oppose the bill, maintaining that it is impossible to change their business model “overnight.”