Previous Close | 12.35 |
Open | 12.35 |
Bid | 9.20 |
Ask | 9.50 |
Strike | 7.00 |
Expire Date | 2024-06-21 |
Day's Range | 12.35 - 12.35 |
Contract Range | N/A |
Volume | |
Open Interest | 314 |
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.