Uber, Lyft Drivers Gain Historic Right To Unionize In California As Newsom Signs Bill Impacting 800,000 Gig Workers

Benzinga

Governor Gavin Newsom signed a historic California bill granting Uber and Lyft drivers the right to unionize. The law lets 800,000 independent contractors collectively bargain for pay and benefits under a broader compromise with ride-hailing firms. Newsom hailed it as a landmark deal balancing worker rights with business interests.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02California Governor Gavin Newsom signed a landmark bill Friday granting Uber and Lyft drivers the legal right to unionize,

00:08marking a major win for gig workers, according to TechCrunch.

00:11Law allows California's 800,000 drivers classified as independent contractors

00:15that collectively bargained for pay, benefits, and working conditions, according to TechCrunch.

00:20Legislation stems from a broader compromise between lawmakers, unions, and ride-hailing companies,

00:25but also reduces insurance requirements for Uber and Lyft.

00:27Uber's head of public policy for California, Ramona Preeto,

00:31said the bill's balance lower rider costs with stronger worker voices.

00:35Newsom called the deal a historic agreement between workers and business.

00:39For all things money, visit Benzinga.com.

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