Technology Stocks : Peer-to-Peer, Gig and On-Demand Economies

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To: TimF who wrote (580)9/14/2017 10:09:19 PM
From: Glenn Petersen1 Recommendation   of 665
A Lawson victory has the potential to hobble a new business model that has created hundreds of thousands of mew jobs. Regulators will pile on.

The contractors took those gigs voluntarily. Regulators should let market forces determine the appropriate compensation. If it insufficient, workers will seek other employment and the companies will have to adjust their compensation packages.

If Lawson's quest for additional pay and benefits succeeds, others will surely follow, and the "gig economy" companies could be facing additional hundreds of millions in expenses. If he fails, this new breed of employers will be able to take a tougher stand on their employment rules and will be less likely to budge in the face of worker legal claims.
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