Previous Close | 2.3200 |
Open | 2.4900 |
Bid | 1.4800 |
Ask | 2.5000 |
Strike | 14.00 |
Expire Date | 2024-05-24 |
Day's Range | 2.3200 - 2.4900 |
Contract Range | N/A |
Volume | |
Open Interest | 63 |
California's Supreme Court will hear arguments on the constitutionality of Proposition 22, which classified drivers working in the gig economy as independent contractors.
(Reuters) -Judges on California's top court on Tuesday considered whether voters had the power to allow app-based services such as Uber and Lyft to classify drivers in the state as independent contractors rather than as employees with greater benefits. The seven-member California Supreme Court heard oral arguments in San Francisco in a lawsuit by the Service Employees International Union (SEIU) and four drivers who say a 2020 ballot measure known as Proposition 22 was unconstitutional. The measure exempts app-based drivers from a 2019 state law that narrowed the circumstances in which many workers can be treated as contractors.