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Today’s News & Commentary — October 18, 2018

Published October 18th, 2018 -

Uber has reached a settlement with 5,000 drivers who argue they were misclassified as independent contractors. The drivers were not covered by an arbitration agreement, though most drivers are now required to sign such an agreement before driving for the company. The agreement will pay $1.3 million to the drivers, or about $150 per driver on average after subtracting attorneys’ fees and cost... More »

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What is Corporate America Trying to Hide?

Published October 17th, 2018 -

Louis Brandeis famously wrote “publicity is justly recommended as a remedy for social and industrial diseases.  Sunlight is said to be the best of disinfectants; electric light the most efficient policeman.”  We now live in a... More »

Today’s News & Commentary — October 17, 2018

Published October 17th, 2018 -

Yesterday, the Council of the District of Columbia voted 8-to-5 to repeal Initiative 77.  The ballot initiative, which 55% of D.C. voters approved in June, would have raised the district’s tipped minimum wage to $15 by 2025.  Employers are currently allowed to pay tipped employees $3.89 per hour as long as their total earnings reach the standard minimum wage after factoring in customer gratuities.... More »

Today’s News and Commentary — October 16, 2018

Published October 16th, 2018 -

The San Francisco Municipal Transportation Agency recently held a meeting with cab drivers to discuss potential changes to the taxi industry. After the 2008 financial crisis, San Francisco began selling its taxi medallions for 250,000 dollars, which drivers viewed as a long-term investment. Since the advent of ride-share companies that pushed down ride prices and driver earnings, the market has fr... More »

Today’s News & Commentary — October 15, 2018

Published October 15th, 2018 -

Today, the Harvard Graduate Students Union – United Auto Workers (HGSU-UAW) will begin contract negotiations with the Harvard administration.  Graduate student workers at Harvard voted to form a union this past April.  In advance of negotiations, the union developed and a set of bargaining goals which will form the basis for negotiations with the university.  These goals include higher pay; ... More »

Weekend News & Commentary — October 13–14, 2018

Published October 14th, 2018 -

Sixty percent of Arkansas voters support a ballot initiative to raise the state minimum wage from $8.50 to $11 by 2021, on par with California and Massachusetts. The ballot initiative looks likely to pass, despite the state’s deep conservative politics, loud opposition from the state GOP, and a legal challenge by the Chamber of Congress, who are suing over the initiative before it even goes to a b... More »

Today’s News and Commentary — October 12, 2018

Published October 12th, 2018 -

A coalition of Missouri labor unions filed a lawsuit on Wednesday challenging a new state law that makes state employees easier to fire. Under Missouri’s merit system, most state employees are hired and retained according to standardized, performance-based criteria. The unions say the law, which reclassifies an estimated 25,000 state workers as at-will employees, violates workers’ collective... More »

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How We Value Investors and Workers

Published September 25th, 2018 -

I wrote about the now-infamous case where Brett Kavanaugh dissented from an opinion upholding a fine by the Occupational Safety and Health Administration (OSHA) against SeaWorld after a killer whale lived up to its name by ki... More »

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