CNBC's Jon Fortt breaks down the gig economy and AB5 with Uber and Lyft driver, Karim Bayumi and 'The Rideshare Guy,' Harry Campbell.
California Governor Gavin Newsom signed a bill into law, AB5, that would force more companies to treat more workers as employees, not contractors. What's the big deal?
Whether it's ride-sharing companies like Uber and Lyft, or delivery companies like Postmates, Doordash and Instacart, a slew of companies have grown up in the smartphone era with a radical idea: When just about everyone has a smartphone and a credit card, you can assemble a workforce on a moment's notice, pay workers electronically and let them be independent contractors.
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