California News

Uber Warns Of A 111% Price Hike After California Judge Rules Drivers Are Employees

Zero Hedge-


Uber has warned that it may have to hike prices up to 111%, after a San Francisco judge ruled on Monday that the ride-sharing company, as well as its competitor Lyft, must classify their drivers as employees – a move which will disproportionately affect low-income customers.

The ruling means that the companies will be required to provide various benefits to drivers, including overtime pay and health insurance.

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