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Caroline Hyde

๐Ÿ‘ค Speaker
7078 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Tech
TSMC Forecast Lifts Peers on Robust AI Demand

According to the mayor's office, Monoclick has not been paying the required minimum wage rate and has been deducting canceled and refund orders directly from these workers paycheck.

Bloomberg Tech
TSMC Forecast Lifts Peers on Robust AI Demand

The city filing a lawsuit in a state Supreme Court here in New York City and say that these practices left.

Bloomberg Tech
TSMC Forecast Lifts Peers on Robust AI Demand

some of these couriers owing money to the company, and they say that they work with Uber and Grubhub and DoorDash.

Bloomberg Tech
TSMC Forecast Lifts Peers on Robust AI Demand

What is central here is that this is the new focus of the new mayor, primarily focused on the gig economy and food and delivery tech, and really making sure that these new laws that protect these workers, whether it be wages or

Bloomberg Tech
TSMC Forecast Lifts Peers on Robust AI Demand

whether it be other fairness issues, are top of mind and front and center.

Bloomberg Tech
TSMC Forecast Lifts Peers on Robust AI Demand

That is what he is announcing today.

Bloomberg Tech
TSMC Forecast Lifts Peers on Robust AI Demand

And he is putting the onus on these companies doing really an education campaign to make sure that these companies know how they should protect their workers.

Bloomberg Tech
TSMC Forecast Lifts Peers on Robust AI Demand

What we know is that this company in particular, Motoclick, integrates their point of service program or

Bloomberg Tech
TSMC Forecast Lifts Peers on Robust AI Demand

point-of-sale programs to generate orders from photographs of receipts, really the last mile of that delivery until it gets to your home.

Bloomberg Tech
TSMC Forecast Lifts Peers on Robust AI Demand

We know that this is really a focus of the mayor's office because he's appointed a former head of the enforcement division of the FTC, as well as Julie Hsu, the former labor commissioner, and he's been labor secretary for a

Bloomberg Tech
TSMC Forecast Lifts Peers on Robust AI Demand

President Biden.

Bloomberg Tech
TSMC Forecast Lifts Peers on Robust AI Demand

And he's also getting a lot of advice from Lina Khan, who, of course, ran the FTC and was very critical of fees and, more importantly, of the fees of these kind of app companies and what they do.

Bloomberg Tech
TSMC Forecast Lifts Peers on Robust AI Demand

Miles Miller, thank you very much.

Bloomberg Tech
TSMC Forecast Lifts Peers on Robust AI Demand

And Caro, you and I have reflected on this story in the last couple of days.

Bloomberg Tech
TSMC Forecast Lifts Peers on Robust AI Demand

The main thing the audience needs to know is that come January 26th, in that city at least, there is new laws.

Bloomberg Tech
TSMC Forecast Lifts Peers on Robust AI Demand

It's codified the set of rules that protect the issue that Miles has just been outlining.

Bloomberg Tech
TSMC Forecast Lifts Peers on Robust AI Demand

Yeah, Motoclick is one issue and quite a significant step that even a city would look to shut a company down.

Bloomberg Tech
TSMC Forecast Lifts Peers on Robust AI Demand

But also what's been reported on is the fact that DoorDash and Uber made changes to their own apps.

Bloomberg Tech
TSMC Forecast Lifts Peers on Robust AI Demand

And when you pay a tip, many would say it's rational to pay the tip after the service.

Bloomberg Tech
TSMC Forecast Lifts Peers on Robust AI Demand

But it's meant that those tips have come way down for some of these drivers.