'DoorDash, Uber Eats And Grubhub Sue New York City Over Minimum-Wage Law' - WSJ
Portfolio Pulse from Happy Mohamed
DoorDash, Uber Eats, and Grubhub have filed a lawsuit against New York City over a minimum-wage law. The companies argue that the law, which requires them to pay delivery workers at least $15 per hour, is unconstitutional.
July 06, 2023 | 3:01 pm
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NEGATIVE IMPACT
DoorDash is involved in a lawsuit against NYC over a minimum-wage law, which could lead to increased operational costs if they lose.
The lawsuit could lead to increased operational costs for DoorDash if they are required to pay delivery workers at least $15 per hour. This could negatively impact their profitability and stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Grubhub is involved in a lawsuit against NYC over a minimum-wage law, which could lead to increased operational costs if they lose.
The lawsuit could lead to increased operational costs for Grubhub if they are required to pay delivery workers at least $15 per hour. This could negatively impact their profitability and stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Uber Eats is involved in a lawsuit against NYC over a minimum-wage law, which could lead to increased operational costs if they lose.
The lawsuit could lead to increased operational costs for Uber Eats if they are required to pay delivery workers at least $15 per hour. This could negatively impact their profitability and stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100