The shares of the economic concert groups are immersed in the comments of the U.S. labor official
More than $ 15 billion was deducted on Thursday morning from America’s largest economic concert companies, after the U.S. labor secretary suggested some workers should be classified as employees.
There was a 5 to 11 percent drop in the share of Uber and Lyft pioneers and DoorDash food delivery services when Marty Walsh told Reuters he believed “in many cases” employees should be treated as employees.
“In some cases [workers] they are treated with respect and in some cases they are not, “he told the news agency.” And I think it needs to be consistent across the board. “
He spent years advocating for construction workers. Now he could shake up the gig economy
Marty Walsh may not seem like the person to overhaul the gig economy. He spent years advocating for construction workers and less time on the intricacies of on-demand work at billion-dollar tech companies.
But now Walsh, a former union leader and the outgoing Mayor of Boston, is on the cusp of becoming the next US Labor Secretary at a pivotal moment for the industry and the broader economy. Millions of Americans have lost their jobs as the health crisis created an economic crisis. And many turned to working with companies like Uber, Instacart, and DoorDash as a backstop for their livelihoods. Instacart alone added hundreds of thousands of contract workers last year to meet demand for grocery delivery spurred by the pandemic.