Uber, Lyft Ordered to Convert Drivers Into Employees

What is one of the main reasons workers prefer the gig economy model?

• Higher wages

• Job security

• Flexibility in work hours

• Health benefits

Which companies are mentioned as being affected by the gig economy model?

• Microsoft and Apple

• Facebook and Twitter

• Deliveroo and Instacart

• Amazon and Google

What is a major risk factor for companies like Uber when they went public?

• Lack of innovation

• The independent contractor model

• High operational costs

• Competition from other companies

What is the potential outcome if California changes the status of gig workers to employees?

• A decrease in gig economy jobs

• No significant change

• A global domino effect

• An increase in gig economy jobs

What is a challenge mentioned in the final section regarding the gig economy?

• Rapid technological advancements

• Slow legal and regulatory changes

• High employee turnover

• Lack of consumer demand