Biden Weighing Plan To Reclassify Gig Workers As Employees

  • The Biden Administration is considering a proposal that would reclassify some of America’s 60 million independent contractors as employees.
  • According to Reuters: “The proposal would require that workers be considered employees, entitled to more benefits and legal protections than contractors, when they are ‘economically dependent’ on a company. It could have wide-ranging impacts on company profits and hiring, household incomes, and worker quality of life.”
  • Downside: The rule would force businesses in transportation, hospitality and other industries to change their business models and raise prices.
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