U.S. Department of Labor

Court's ruling on gig economy regulations is a warning for old-line business

Court's ruling on gig economy regulations is a warning for old-line business

recent federal appellate court ruling that favored ride-sharing firms like Uber and Lyft over the Chicago taxi industry also carried a powerful message to business: older companies beware!

The decision by the 7th U.S. Circuit Court of Appeals, which backed the city's right to regulate ride-sharing firms differently than cabs, doesn't literally give that warning. It does, however, stress that many veteran industries are increasingly under fire from innovative upstarts while also signaling that the legal system recognizes the consequences will be business...

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