Previous close | 2.5400 |
Open | 2.3900 |
Bid | 1.9500 |
Ask | 2.7300 |
Strike | 14.50 |
Expiry date | 2024-05-17 |
Day's range | 2.3900 - 2.3900 |
Contract range | N/A |
Volume | |
Open interest | 15 |
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.