Chinese regulators have ordered online platforms to ensure food delivery riders earn above the country’s minimum wage, that riders be freed from unreasonable demands placed upon them by algorithms, and that these workers have access to social security and a place in a union, in a likely financial blow to big delivery services companies such as Meituan.
The new proposed regulation to require all tutoring companies be non-profit that kill off a billionaire (losing 15 billion $) overnight and now this, hope China can keep this up :xi-clap:.
One of the most telling things about capitalism is the fact that corporations predictably become less valuable when they are forced to treat their workers better. Imagine what would have happened to Nestle's stock if the Supreme Court had decided that using slaves in other countries is bad.
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