Gig-economy companies Lyft, Uber, and Postmates are racing to file IPOs this year, a mad dash replete with ever-increasing multibillion-dollar valuations. But is the rush to start trading on the public markets also a sprint to evade compliance with current labor law?
Smartphone car service Uber, a successful company example of the sharing economy, has spread to many EU Member States in recent years. However, many employers and unions are concerned about its challenge to fair competition for other businesses in the sector and about the erosion of working conditions for drivers. It remains to be seen whether there is some grounds for EU- level regulation in this field.