It's the economy, stupid! (Finance-related news)

[Salodin]

The number is still going up though. Things aren't getting better, theyre getting worse slower.

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[Day]

how is the 2nd straight drop "going up"?

nvm i see

still better than an increase

[Salodin]

But it is in increase. Just a not accelerating increase.

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[Day]

better than an increase than the previous week*

slowing is good

[Salodin]

True

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[Athas]

In the fall of 1972, President Nixon announced that the rate of increase of inflation was decreasing. This was the first time a sitting president used the third derivative to advance his case for reelection.

[synistar]

Uber and Lyft threatening to shut down service in California if their drivers are reclassified from independent contractors to employees.

https://thehill.com/policy/technolog...over-new-labor

Proposition 22 is on the November ballot that would classify app based rideshare and delivery drivers as independent contractors. Primary backers of the initiative are Uber, Doordash and Lyft - each of those three putting $30 million into the ballot initiative campaign.
https://ballotpedia.org/California_P...tiative_(2020)

[Mythe_Seraph]

People need to stop threatening California and just start pulling out. Fuck em.

[milez]

Yeah pull out of a major market and lose billions.....

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[Salodin]

Go ahead and pull out of one of America's biggest markets lol

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[Restrat]

If they get away with this, is there anything to stop any and every company from just classifying people are independent contractors?

[Milkster]

People need to stop threatening California and just start pulling out. Fuck em.

California has the GDP of a pretty large country you dolt. #5th highest GDP in the world in 2018....

[NynJa]

You dont pull out of California, you nut in there and hope youre trapped.

Now Ohio, on the other hand, you wear protection AND pull out.

[Melena]

People need to stop threatening California and just start pulling out. Fuck em.

Yeah pull out of a major market and lose billions.....

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They already are losing billions. Drivers (as well as all the other gig apps) are Independent Contractors in name only. The only thing you have control of is if you accept an order, and when you can go on and off. If you cancel after accepting for any reason, especially excessively you will be kicked off. Also Uber only recently allowed you to modify the base rate for minimum acceptance of rides. Before that you had to accept the rates they set, regardless of what the customer paid, which in some markets, the mileage rate was below the IRS deduction, which means they are literally subsidizing pay off of the IRS.

[Mythe_Seraph]

You guys act like California is the only place people can make money lol fuck that state

[Andalusian girls]

Go ahead and pull out of one of America's biggest markets lol

by far America's biggest market*

as stated California has a larger GDP than nations like India and the UK, equivalent to the bottom ranking 22 states combined

[Andalusian girls]

also we make 80% of America's wine so fuck around and find out

[Day]

gonna be sad watching yall float away

jk it wont be sad

[Salodin]

You guys act like California is the only place people can make money lol fuck that state

It would cost money they don't have to move all that industry anywhere else. You can't just pick up a phone and move California's gdp down the coast by tomorrow

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[Yabby]

Wine tastes like shit, fight me.