Ans.

7 The business model of Uber, which treats drivers as independent contractors, has
significant implications for the future of work. While it offers drivers flexibility and
autonomy, allowing them to work on their own terms and potentially earn extra income, it
also lacks job security and traditional labour protections for those who rely entirely on gig
work. People who prefer flexibility over employee benefits due to personal interest or
circumstances will continue to work with Uber. This helps the company to save labour costs.

Undoubtedly, there would be a demand for such jobs as the population grows and Uber will
continue to use this model. However, sharing economy companies like Uber have a
responsibility to consider the well-being of their workers or contractors, as these individuals
are essential to the company's success.

Sharing companies need to find a balance between their business interests and worker
protection, fostering a more equitable future of employment in the sharing economy.

Ans. 8 New technology-driven companies often take advantage of regulatory gaps, gaining a
competitive edge over the competition. As a result, there is a clear need for fresh regulations
to address the specific risks and challenges presented by technology-based companies. These
regulations should cover several key areas:

1. Promoting Fair Competition: Existing regulations should be updated to establish a level

playing field for all businesses. This is crucial to ensure fair competition and prevent
companies from exploiting regulatory ambiguities.

2. Protecting Gig Workers: New legislation is essential to identify and safeguard the rights of
gig workers, especially those working with platforms like Uber. These rules should mandate
essential worker benefits and protections.

3. Regulatory Oversight: The responsibility for regulating companies such as Uber should be
entrusted to relevant central government agencies, local and central-level justice departments,
and globally recognized organizations. Collaborative efforts among multiple stakeholders are
necessary to ensure compliance.

Emerging technology-based companies frequently require updated regulatory frameworks

that can adapt to their unique business models. These regulations should prioritize fairness,
worker welfare, the use of technology for enforcement, and the involvement of various
regulatory authorities to ensure effective implementation.