Forbes

An analysis from the Labor Center at the University of California Berkeley found the minimum wage under Prop. 22 would only be $5.64 due to loopholes and hidden costs. The analysis also found that the vast majority of drivers wouldn’t be eligible for the healthcare subsidies.

“BLS statistics are just not picking up workers who do independent contracting on the side, for supplemental income in addition to a W-2 job,” says University of California economist Annette Bernhardt PhD., author of “The Gloves-off Economy.” “This is a real significant challenge to understanding what’s going on in the labor market.”