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Uber, Lyft and others back state laws to ensure drivers are independent contractors (The New York Times)

June 09, 2021

Companies such as Uber Technologies Inc. (NYSE: UBER) and Lyft Inc. (NASDAQ: LYFT) are pushing for state laws to ensure their drivers remain classified as independent contractors, and New York is one example, The New York Times reported. The moves follow the firms’ successful efforts to pass a ballot initiative in California that provides for drivers to be independent contractors. The state efforts can involve the companies agreeing to offer drivers certain rights and benefits of being an employee but not all the protections and working with unions.