How Could the California Gig Economy Law Impact Uber, Lyft, and DoorDash?

How will current and upcoming legislation impact companies who employ contract drivers? Equity Research Analyst, Ygal Arounian appeared on the TD Ameritrade Network to discuss potential affects of the California Gig Economy Law – AB5. He believes reclassifying contract workers to full-time employees could negatively impact companies like Uber, Lyft, and Door Dash.

He also commented that he expects push back from those companies in the form of ballot initiatives. Watch his full appearance.