• 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.

Tagged: #Bidenflation