Uber-Lyft ETFs Caught Between Earnings Gain & Likely Labor Rule

Home > Business
By Sain in Business
Updated 3 years ago

LYFT - Free Report) and Uber ( UBER - Free Report) have been falling in recent trading after Biden Administration's Labor Secretary Marty Walsh said in a recent interview that most U.S. gig workers should be considered as employees and receive related benefits. This was against a Trump-era rule that had allowed companies like Uber and Lyft tag their gig workers as independent contractors instead of employees.

uber-lyft-etfs-caught-between-earnings-gain-likely-labor-rule