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Biden administration to unveil contractor rule that could upend gig economy

via NBC News
This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak, UltimateNewswire and others. To learn more about syndication opportunities, visit About Us.

The Biden administration is set to release a final rule that will make it harder for companies to classify workers as independent contractors, impacting various industries, especially app-based services.

The rule aims to provide workers with more benefits and legal protections, but it may reduce flexibility and opportunities for earning.

The change is expected to face legal challenges and could increase labor costs for many sectors. (Trending: First Moon Mission In 50 Years Blasts Off)

Marc Freedman, vice president at the U.S. Chamber of Commerce, said, “It is likely to threaten the flexibility of individuals to work when and how they want and could have significant negative impacts on our economy.”

The Labor Department wrote in a draft that they would consider a worker’s “opportunity for profit or loss, investment, permanency, the degree of control by the employer over the worker, (and) whether the work is an integral part of the employer’s business.”

The shift from the previous Trump-era regulation is likely to be contentious, with potential lawsuits focusing on the explanation for the replacement.

The new rule is seen as necessary to combat worker misclassification and could significantly impact the economy.

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