Biden Administration's Rule Change Could Disrupt Industries Reliant On Gig Workers

Benzinga 2024-01-09

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The US Department of Labor issued a new rule that makes it more difficult for companies to classify workers as independent contractors rather than employees. Under the rule, workers will be considered employees if they are "economically dependent" on the company, expanding protections like minimum wage and overtime. It replaces a Trump-era rule that made it easier to classify workers as contractors if they owned their own businesses or worked for competitors.

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