Why do uber and lyft prefer to classify their drivers

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Case Study: In this chapter, we learned about the various payroll taxes that employers must pay. During the 2020 election, there was a very controversial proposition up for a vote in California: Prop 22. Prop 22 was spearheaded by Uber and Lyft, as they hoped to classify their drivers as independent contractors instead of employees. Read the article below, or perform your own research about Prop 22, and answer the following questions:

Questions:

Why do Uber and Lyft prefer to classify their drivers as independent contractors instead of employees? What is the benefit to the companies to treating their drivers as independent contractors?
In your opinion, should rideshare drivers be classified as independent contractors or employees? Why?

Reference no: EM133344276

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