The Labor Department under the Biden administration blocked a Trump-era rule Wednesday that would’ve made it easier for companies to classify workers as independent contractors instead of employees under federal law.
The move comes one week after Labor Secretary Marty Walsh told Reuters that many gig workers should be classified as “employees” who deserve company benefits. His boss, President Biden, is a big supporter of labor unions.
Gig workers are independent contractors who perform on-demand services, such as childcare providers and drivers working for companies like Uber and DoorDash.
The rule under the Trump administration would have made it harder for workers to earn a minimum wage and get paid overtime.
That rule was supposed to take effect last month but did not because the Biden Administration was reviewing it. The withdrawal takes effect Thursday.
On Wall Street Wednesday, shares of Uber, Lyft and DoorDash fell more than 2% in early trading.-- excerpt, rest at link above --
"I wish it need not have happened in my time," said Frodo.
"So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us."
Unfrozen Cave Water Cooler
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The Unfrozen Cave
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Thu May 06, 2021 9:21 am
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