In early February, the Supreme Court ruled that Uber workers were employees, not self-employed. Following this landmark ruling, Uber this week  announced it will now pay drivers a minimum wage, holiday pay and pensions.

IEA Director of Communications Annabel Denham responded to the news in an article for The Spectator arguing that the decision by the court will have major ramifications for the gig economy. Annabel said the payment of a minimum wage is a “pyrrhic victory” as the increase in wages  will be offset by increased costs to consumers and less demand. After tax, Uber employees may be earning less than they did as self-employed workers.

Read Annabel’s full article here.