This assumes gig companies haven’t exhausted their runway by then. Humorously, Uber and Lyft thought they might extinguish taxis if they waited them out long enough, and then the California government did the same to them.
If this law is applied fairly, it affects taxi and limo operators as well, so everyone will be in the same boat at least, fares will surge but they will still be in business.
[1] https://investor.uber.com/news-events/news/press-release-det...
Many of those people are already employees or owner/operators. That's why Uber, etc. was able to undercut their fare rates.
This is why direct democracy is generally considered a failed concept and why California's state administration is generally considered a failure, propped up only by the nearly incomprehensible amount of wealth generated in the state.
Don’t like voting on the laws that govern you? Then don’t vote.
At least while I was there, these never passed.
I remember that the San Francisco Bay Guardian (then an alt-weekly newspaper) used to absolutely howl about these propositions. My memory is that the SFBG hated them even more than, say, the anti-gay marriage proposition which passed in 2008. They were quite unequivocal in labeling them as crony capitalism.
Unfortunately, the SFBG has ceased publication; although they still have a website, they appear to basically be dead.