Biden Rule Would Add More Gig Workers to Company Payrolls

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The Biden administration is proposing a new rule that could put more gig workers on company payrolls, scrapping a Trump administration rule from 2021

that could put more gig workers on company payrolls, scrapping a Trump administration rule from 2021 that made it easier for firms to classify workers as independent contractors.

The proposal, released Tuesday, would affect millions of workers across a range of industries, including healthcare, restaurants, construction and ride-share transportation, the Labor Department said.

 

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This administration will do anything increase inflation and stifle competition and innovation. The only exception is in the area of mRNA vaccines that clearly make a certain percentage young men’s hearts explode.

Would significantly increase the costs of all goods and services provided by gig workers**. Aside from the simple understanding of economics, we have case studies on this. See California.

“Every election is a sort of advance auction of stolen goods.” ~ H. L. Mencken Delivering the goods to unions AND (if upheld) reducing labor demand for the Fed.

As employees - Uber and Lyft will have to pay FICA and FUTA taxes - plus overtime and union dues

Biden has just hired those people who he freed from jail.

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'Gig work' rule is in Biden administration's crosshairs, sending DoorDash and Lyft stocks to all-time lowsAs the Labor Department proposed a new rule that could change the status of many workers from independent contractors to employees, Lyft shares hit all-time intraday lows: They aren’t employees
Source: MarketWatch - 🏆 3. / 97 Read more »