Uber Wants to Expand Its Anti-Worker Proposition 22 Beyond California
https://www.vice.com/en_us/article/3anqkk/uber-wants-to-expand-its-anti-worker-proposition-22-beyond-california
On Thursday, Uber—the regulatory arbitrage enterprise worth tens of billions of dollars—released its third-quarter earnings report and laid out its intention to replicate the successful Proposition 22 ballot initiative nationwide and beyond.
For the most part, the earnings report was normal for the ride-hailing company. Uber spent a great deal of time discussing its financials using non-standard accounting practices, an old tactic that has allowed it to distract from persistent losses and assure investors profitability is inevitable. There are, however, two areas of interest in this report: Uber Eats and Proposition 22, a successful ballot initiative in California that was backed by Uber and other gig companies that exempts them from reclassifying their workers as employees.