EUR/USD 1.10640
0.109%
Gold 3111.22
-0.097%
Oil 66.256
-0.072%
USD/JPY 145.967
-0.067%
GBP/USD 1.31039
0.037%
GBP/JPY 191.277
-0.012%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The yield on the two-year U.S. Treasury note fell to a six-month low of 3.6550% and was last at 3.6611%.On April 4, local time on April 3, U.S. Secretary of Health and Human Services Robert Kennedy Jr. said that about 20% of the layoffs in the Department of Government Efficiency were wrong and needed to be corrected. The U.S. Department of Health and Human Services laid off about 10,000 people on the 1st. Kennedy said that people who should not have been laid off were laid off, and the department is restoring their positions. Kennedy said that canceling the entire lead poisoning prevention and monitoring department of the Centers for Disease Control and Prevention was one of the mistakes. At present, it is unclear what other projects Kennedy may plan to restore.Bank of Japan Governor Kazuo Ueda: Will consider the impact of food costs on consumers.On April 4, local time on the 3rd, the automobile company Stellantis said that due to the impact of the US import automobile tariff policy, the company decided to lay off 900 employees in its five US factories and suspend production operations at two assembly plants in Canada and Mexico. Antonio Filosa, Chief Operating Officer of Stellantis Americas, said that the US factories that were laid off were powertrain and stamping parts factories, which produced spare parts for two assembly plants in Canada and Mexico. According to the plan, the assembly plant in Canada will stop production for two weeks, and the assembly plant in Toluca, Mexico will suspend production throughout April. Filosa said the company is "continuing to evaluate the medium- and long-term impact of tariffs on operations."Bank of Japan Governor Kazuo Ueda: Non-weather factors may push up food prices.

Washington Governor Legislates Uber and Lyft Driver Compensation

Charlie Brooks

Apr 01, 2022 09:57

U2.png


Drivers will receive a minimum of $1.17 per mile and 34 cents per minute, with a minimum salary of $3.00 each trip.


Drivers will also have access to paid sick time, family medical leave, and long-term care programs, as well as workers' compensation, a government-mandated program that compensates employees who are injured or ill on the job in the United States. Drivers will also have the option to dispute their removal from the applications.


In Seattle, which adopted its own ride-hailing pay guideline in September 2020, drivers will continue to receive a minimum of $1.38 per mile and 59 cents per minute, for a total of at least $5.17 every trip.


The measure, which was backed by Uber and Lyft, eliminates local regulatory authority by prohibiting cities and counties from imposing extra restrictions on businesses.


Additionally, the rule stipulates that ride-hailing drivers are not considered workers, a point of contention for certain labor organizations and gig economy businesses such as Uber and Lyft. The gig economy's employers, who employ independent contractors, oppose any reclassification, while some labor organizations contend that drivers should be classified as employees with enhanced benefits.


"This new legislation provides drivers what they want - the ability to maintain their independence while obtaining unprecedented new perks and protections," Ramona Prieto, Uber's director of public policy in the Western United States, said in a statement. Uber anticipated the rule will be copied in more cities, states, and nations, she said.


"Drivers won this victory because labor groups, politicians, and app-based firms listened to them and then collaborated to pass a historic bill that benefits them," Jen Hensley, Lyft's director of government relations, said in a statement.


The Teamsters union Local 117, which also pushed for the Seattle wage norm, backed the new Washington legislation.


Prior to this regulation, only Seattle and New York City had established minimum wage guidelines for ride-hailing drivers in the United States.


Suggestion