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Every Major Gig Company Has Now Raised Prices In California After Prop. 22

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Instacart’s service fees in California are going up from 5% to 8%, the company announced Friday, making it the last major gig company to raise prices in response to Proposition 22, the recently passed state ballot measure keeping gig workers independent contractors, while providing some additional benefits.

Key Facts

The increased service fee, which won’t apply to customers who have Instacart’s monthly or annual subscription service, will help cover the cost of driver benefits enshrined in Prop. 22, the company said, including 120% the state’s minimum wage, a healthcare stipend, 30 cent per mile vehicle expenses and occupational accident insurance.

In a statement, an Instacart spokesperson said these are “historic new offerings” for gig workers who get to maintain “their independence and flexibility”—but labor groups argue these perks are inferior compared to the benefits of full employment, and there’s no evidence conditions for gig workers are actually improving under Prop. 22.

Postmates, Uber, Lyft and Doordash have all introduced small fees they say are necessary to pay for Prop. 22 benefits in California.

Postmates is charging between 50 cents and $2.50 per order; Uber is attaching a $1.50 fee for rides and $2 for food delivery; Lyft’s fees are 30 cents to $1.50 based on location and Doordash is charging higher service fees.

Chief Critics

Labor advocates say gig companies raising prices is a “corporate bait and switch.” Gig companies argued that making drivers employees would raise prices, but fees are still going up anyway. “Now that Prop. 22 has passed, Uber is announcing that riders will have to shoulder increased costs after all so that the company can continue to skirt its responsibilities to workers,” Gig Workers Rising said in a statement in response to Uber’s additional fees. 

Veena Dubal, a professor at the University of California, Hastings College of the Law, argues that gig companies are using driver benefits as a pretext to raise prices in their “quest to make a profit.”

“Customers have been experiencing artificially low prices because of venture capital subsidies,” Dubal told Forbes. “We’ve known for a long time that service fees were going to have to go up because the entire business model is based on capturing the market, addicting consumers to the service and then raising fees.”

Key Background

 Uber CEO Dara Khosrowshahi has called Prop. 22, which went into effect in December, the “third way” to classify drivers. While retaining independent contractor status, drivers get some benefits of employment. Uber and other gig companies are looking to export that model around the world as lawmakers around the world look to regulate them. Labor groups, though, say their promised benefits are inadequate. Prop. 22’s minimum wage and vehicle expenses, for example, are much less than advertised because it only accounts for time actually driving and excludes time spent between riders or orders.

Tangent

 In a massive blow to gig companies, the U.K. Supreme Court ruled Friday that Uber drivers in the country should be treated as workers and not as self-employed independent contractors.



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Gig Based Business Market 2021 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2026 – The Bisouv Network

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Credible Markets

The Global “Gig Based Business Market” Research Report Provides a Detailed Analysis of Market, Based on Competitive Intensity and How the Competition Will Take Shape in Coming Years.

The report titled on “Gig Based Business Market Assessment, With Major Companies Analysis, Regional Analysis, Breakdown Data by Type, Application and Forecast to 2021-2026” firstly introduced the Gig Based Business basics: Definitions, Classifications, Applications and Market Overview; product specifications; manufacturing processes; cost structures, raw materials and so on. The report takes into account the impact of the novel COVID-19 pandemic on the Gig Based Business market also provides assessment of market definition along with the identification of topmost prominent key manufactures are analyzed emphatically by competitive landscape contrast, with respect to Price, Sales, Capacity, Import, Export, Gig Based Business Market Size, Consumption, Gross, Gross Margin, Revenue and Market Share. Quantitative analysis of the Gig Based Business industry from 2015 to 2020 by Region, Type, Application and Consumption assessment by regions.

Get Free Sample PDF (including full TOC, Tables and Figures) of Gig Based Business Market [email protected] https://crediblemarkets.com/sample-request/gig-based-business-market-956393?utm_source=Sanjay

The research report also assists the companies functional in the global Gig Based Business market in understanding the existing market trends and, thus, shaping their businesses accordingly. It further analyzes the past and the current performance of this market and makes future projections on the basis of these assessments. It also evaluates this market from the perspective of the existing market chain, using the data about the import and export and the sales dynamics of the products available in this market across the world.

Market Segmented are as Follows:

Based on the type of product, the global Gig Based Business market segmented into:

⦿ Website-Based
⦿ APP-Based

Based on the end-use, the global Gig Based Business market classified into:

⦿ Freelancer
⦿ Independent Contractor
⦿ Project Worker
⦿ Part-Time
⦿ Others

And the major players included in the report are:

⦿ TaskRabbit
⦿ Guru
⦿ Rover
⦿ HopSkipDrive
⦿ Freelancer
⦿ Fiverr
⦿ Favor Delivery
⦿ Upwork
⦿ DoorDash
⦿ BellHops
⦿ Turo

Buy Now This Research [email protected] https://crediblemarkets.com/reports/purchase/gig-based-business-market-956393?license_type=single_user

Impact of COVID-19 on Gig Based Business Industry: Under COVID-19 outbreak globally, this report provides 360 degrees of analysis from supply chain, import and export control to regional government policy and future influence on the industry. Detailed analysis about market status (2015-2020), enterprise competition pattern, advantages and disadvantages of enterprise products, industry development trends (2021-2026), regional industrial layout characteristics and macroeconomic policies, industrial policy has also been included. From raw materials to end users of this industry are analyzed scientifically, the trends of product circulation and sales channel will be presented as well.

Credible Markets

Gig Based Business Market: Regional Analysis Includes:

⇨ Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
⇨ Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
⇨ North America (the United States, Mexico, and Canada)
⇨ South America (Brazil etc.)
⇨ The Middle East and Africa (GCC Countries and Egypt)

Do You Have Any Query Or Specific Requirement? Ask to Our Industry [email protected] https://crediblemarkets.com/enquire-request/gig-based-business-market-956393?utm_source=Sanjay

Table of Contents

Global Gig Based Business Market 2015-2026, With Breakdown Data of Capacity, Sales, Production, Export, Import, Revenue, Price, Cost and Gross Margin

Chapter 1: Market Scope

1.1 Product Details and Introduction
1.2 Gig Based Business Market Snapshot
1.2.1 Major Companies Overview
1.2.2 Market Concentration
1.2.3 Market Share & Six-Year Compound Annual Growth Rate of Major Market (CAGR)

Chapter 2: Global Gig Based Business Market Industry Analysis

2.1 Sector Breakdown Assessment, 2015-2026
2.2 Market Assessment by Type
2.3 Market Size Analysis and Forecast, by Application

Chapter 3: China Gig Based Business Market Estimates & Forecasts

Chapter 4: EU Gig Based Business Market Estimates & Forecasts

Chapter 5:  USA Gig Based Business Market Estimates & Forecasts

Chapter 6: Japan Gig Based Business Market Estimates & Forecasts

Chapter 7: India Gig Based Business Market Estimates & Forecasts

Chapter 8: Southeast Asia Gig Based Business Market Estimates & Forecasts

Chapter 9: South America Gig Based Business Market Estimates & Forecasts

Chapter 10: Value Chain (Impact of COVID-19)

10.1 Gig Based Business Market Value Chain Analysis
10.1.1 Downstream
10.2 COVID-19 Impact on this Industry
10.2.1 Industrial Policy Issued Under the Epidemic Situation
10.3 Driver
10.4 Opportunity

Chapter 11: Competitive Analysis

11.1 Key Information
11.2 Service/Solution Introduction
11.3 Financials
11.4 Business Dynamics

Chapter 12: Research Conclusion

Access Full [email protected] https://crediblemarkets.com/reports/gig-based-business-market-956393?utm_source=Sanjay

Report Includes Following Questions:

➊ What is the anticipated growth rate of the global Gig Based Business market in the forecast period?
➋ Which regional segment is estimated to account for a massive share of the global Gig Based Business market?
➌ What are the primary driving factors of the global Gig Based Business market?
➍ What are the vital challenges faced by the prominent players in the global Gig Based Business market?
➎ Which current trends are likely to offer promising growth prospects in the next few years?
➏ How is the competitive landscape of the global Gig Based Business market at present?
➐ What are the key driving factors of the global Gig Based Business market?
➑ How has the covid-19 impacted the growth of the market?
➒ Which latest trends are anticipated to offer potential growth prospected in the coming years?

The report also covers, the trade scenario, Porter’s Analysis, PESTLE analysis, value chain analysis, company market share, segmental analysis.

Contact Us:

Credible Markets Analytics

99 Wall Street 2124 New York, NY 10005

US Contact No: +1(929)-450-2887

 Email:[email protected]

https://bisouv.com/

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Ed Willing: Gig workers in Wisconsin deserve portable benefits | Column

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NerdWallet Rideshare Insurance (copy)

Through methods such as contributions from workers and their respective companies, consumers or the government, portable benefits would revitalize our antiquated social safety net and protect the flexibility that we depend upon every day.




This last year has undoubtedly been hard on Wisconsin and the rest of the country, as we’ve seen record high unemployment rates in response to the COVID-19 pandemic. Because of these trying times, many Wisconsinites have turned to app-based work to keep their heads above water.

Though I started driving for Uber in Milwaukee two years ago, during the pandemic I have a firsthand view of how app-based platforms bring positive change by both providing jobs to those in need and helping people in our communities. Whether someone needs a ride to work or groceries delivered to their families, app-based workers use platforms such as Uber and Instacart to help those around them.

One of the main reasons I decided to work in the gig economy was the flexibility it offers. I can make my own schedule each day, and I have experienced freedom that no other job has ever been able to provide me. As a single dad trying to get by during the pandemic, that flexibility has been more important now than ever, because I have been able to balance my work life with my son’s virtual schooling.

As someone whose primary income comes from app-based work, however, I recognize a huge hurdle faced by some gig workers — the absence of a consistent benefits system.

Unlike many full-time employees, many gig workers don’t receive benefits like health insurance or workers’ compensation through their employers. Personally, I tried to hold out on health insurance as long as I could, but without a reliable, affordable way to obtain benefits, I eventually gave out and was forced to turn to a costly health insurance program.

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Gig Wage Founder Craig Lewis Aims To ‘Drive Economic Empowerment’ – Crunchbase News

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The gig economy has a champion in Craig J. Lewis.

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The Gig Wage founder started the fintech payroll company focused on gig workers and contractors in 2014. Seven years later, the Dallas-based company has raised $13 million in funding and found success in helping 1099 workers navigate their working world, Lewis told Crunchbase News.

The “gig economy” is a free market system in which organizations and independent workers engage in short-term work arrangements. It is estimated that more than 60 million people in the U.S. are gig workers, and that a majority of workers will be by 2027. Meanwhile, the MBO State of Independence study points out that full-time independent workers in the U.S. contributed $1.21 trillion of revenue to the economy.

Based on the current economic environment, Lewis expects this number to only increase.

Lewis spoke to Crunchbase News about the economy, its future and his push for more diversity in fintech. The following was lightly edited for clarity and length.

Craig J. Lewis, founder and CEO of Gig Wage. Photo courtesy of Jae Oates.

What was the driver behind starting Gig Wage?

Lewis: When we started in 2014, it was a different company, and then we pivoted. I read about the gig economy in a study that McKinsey did. Back then we had a different payroll technology, but it dawned on me in 2016 that we could solve the payroll problem for gig workers in a unique way. Our purpose, our North Star, is to drive economic empowerment. It’s not just about gig or freelance work, but to drive economic growth for companies, employees and shareholders. We are perfectly positioned to drive this in true value all the way up and down the gig stack by helping drive the efficiencies of how money moves — increased activity, more spending, saving and earning — the gig economy can be the catalyst. We are building the bank of the gig economy so they can bank the entire economy.

You wrote a guest commentary for us in January about using your Techstars Demo Day pitch time to advocate for investing in Black founders. What kind of response did you receive?

Lewis: The vast majority was positive. People were motivated by it. I think that type of dialogue and stand is needed more from people in the actual doing of the actual work. I don’t have to wait until I exit or pre-IPO, I am in it now, I have a good perspective and can take these bold stances. We can talk about this stuff now; so what if people get uncomfortable? There are more conversations to be had this year.

What was the driver for you to do that?

Lewis: It was a knee-jerk reaction to the death of George Floyd and people talking about waiting on the investment community to figure it out. It is going to take time and it might not happen. Black entrepreneurs and investors will enter and make it happen for ourselves. Our excellence and brilliance will be funded. We are an undeniably great investment opportunity, but it has to be driven by entrepreneurs. Venture capital is phenomenal for wealth creation, but the foundation is already built and set. I get a lot of decks asking for money from emerging funds, Black investors raising funds and helping them get access to limited partners, so there is a lot of activity there. The driving factor is entrepreneurs. If anything is going to happen, it is going to be on entrepreneurs. I call out to Black entrepreneurs to continue to be bold and audacious. Our job is to go out, tell our narrative, get them funded and get customers serviced. If you depend on investors, it is never going to happen. If it doesn’t happen, I am going to be beating a lot of pots and pans to make it happen.

Having been around for seven years, how have you seen the fintech sector change during this time?

Lewis: Fintech is phenomenal and an intersection of finance and technology, and it is in the early innings. I have been in payroll and payments for 10 years, diving in as an entrepreneur since 2014. The peaks that are going on, like crypto, ICOs [Initial Coin Offering], headless banking, but I’d love to watch when chatter dies down because that is when innovation happens. It’s exciting to see Black entrepreneurs get into this space. With more Black, brown and woman entrepreneurs at the table, the better it is for the overall consumer. If you think of who is underbanked and who has experienced the problem, the more diversity there is in fintech will help the narrative.

The global pandemic forced many people into unemployment. What does the future hold for gig and 1099 workers?

Lewis: I’m excited about this opportunity. It is not perfect by any means, but meets you where you are. There is opportunity for improvement. Technology is driving behaviour, and legislation is going to catch up. At least, I hope it will — it is not perfect, but it is absolute, so let’s improve and not make it what work used to be. We need a hybrid between a social safety net and what is traditionally tied to employment, such as access to new benefits. People are already getting paid in new ways. This is an exciting time to be in on it.

Illustration: Dom Guzman


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