Previous close | 10.80 |
Open | 10.80 |
Bid | 11.00 |
Ask | 13.10 |
Strike | 28.00 |
Expiry date | 2024-10-18 |
Day's range | 10.80 - 10.80 |
Contract range | N/A |
Volume | |
Open interest | 52 |
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.