New Restrictions on Independent Contractors Could Destroy Gig Work
This story originally was published by Real Clear Wire
By Karen Harned
Real Clear Wire
The gig economy has become a crucial part of our nation’s economic infrastructure. Beyond platforms like Uber and Lyft, independent contract workers are also vital to many other sectors of our economy, from healthcare to the arts. In fact, gig work provides at least part-time income to one in three American workers, totaling $1.2 trillion to the U.S. economy in annual earnings.
But a new rule just issued by the Biden Administration will essentially ban independent contractor status for gig workers under the Fair Labor Standards Act.
