By
Dillon Burroughs
|
October 16, 2022
|
01:01 pm

Biden Labor Department introduces rule to crack down on freelancing

The Biden administration's Labor Department has proposed a rule change that could further hurt the American economy by forcing new regulations on freelance workers.

The new rule that is currently under public comment for further consideration would force independent contractors to change their classifications in many cases to enforce more small business regulations that could end countless freelance jobs.

"While independent contractors have an important role in our economy, we have seen in many cases that employers misclassify their employees as independent contractors, particularly among our nation's most vulnerable workers," Secretary of Labor Marty Walsh said in a statement.

"Misclassification deprives workers of their federal labor protections, including their right to be paid their full, legally earned wages," he added.

Just the proposal caused the stocks of gig companies like Uber and Lyft to plummet, as the rule would dismantle their business model of utilizing independent contractors.

Written By:
Dillon Burroughs

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