Biden Rule Would Add More Gig Workers to Company Payrolls

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.

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 »