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Search resuls for: "Daniel Wiessner Nandita Bose David Shepardson"


2 mentions found


☆ Biden labor proposal shakes up gig economy that relies on contractors
  + stars: | 2022-10-11 | by ( Daniel Wiessner Nandita Bose David Shepardson | Daniel Wiessner | Nandita Bose | ) www.reuters.com   time to read: +6 min
Gig company stocks were hammered by the news, with Uber (UBER.N), Lyft (LYFT.O) and DoorDash (DASH.N) all falling at least 10%. 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. Millions of Americans are working "gig" jobs and this labor has become vital to some transportation, restaurant, construction, health care and other industries. "Misclassification deprives workers of their federal labor protections, including their right to be paid their full, legally earned wages," Walsh said. Seth Harris, President Joe Biden's former top labor adviser, said the rule will not directly impact how courts determine whether workers are employees or independent contractors.
☆ Biden's labor rule to shake up gig economy that relies on contractors
  + stars: | 2022-10-11 | by ( Daniel Wiessner Nandita Bose David Shepardson | Daniel Wiessner | Nandita Bose | ) www.reuters.com   time to read: +4 min
Gig company stocks were hammered on the news, with Uber (UBER.N), Lyft (LYFT.O) and DoorDash (DASH.N) all falling at least 10%. Employees can cost companies up to 30% more than independent contractors, studies suggest. U.S. Labor Secretary Marty Walsh in a statement said businesses often misclassify vulnerable workers as independent contractors. Those groups have said that any broad rule would hurt workers who want to remain independent and have flexibility. Worker advocacy groups have said that companies are increasingly misclassifying employees as independent contractors, depriving workers of fair pay and benefits to pad their profits.
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