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Sally Dworak - 1 Fisher - 1 Samantha Sanders - 1
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☆ Labor Department's new independent contractor rule could help workers recover lost wages—here's how
  + stars: | 2024-01-23 | by ( Gili Malinsky | ) www.cnbc.com   time to read: +1 min
Independent workers make up about 45% of the U.S. workforce, according to a 2023 report by MBO Partners, a platform dedicated to their needs. That's more than 72 million Americans altogether, with nearly 30 million of them working independently full-time. This misclassification could lead to a loss in income, ineligibility for state and federal unemployment systems and so on. Nearly 10% of independent contractors make less than $7.25 per hour, according to the National Employment Law Project. A new rule change under the Fair Labor Standards Act, set to take effect on March 11, is aimed at curbing this misclassification.
Persons: Sally Dworak, Fisher, Samantha Sanders Organizations: MBO Partners, National Employment Law, Economic, Institute, Fair Labor Locations: NELP
☆ Here’s what a new Biden administration labor proposal would mean for independent contractors
  + stars: | 2022-10-11 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +4 min
Rudi_suardi | E+ | Getty ImagesThe Biden administration will soon issue a rule that may make it easier for workers to be considered "employees" instead of "independent contractors." Misclassification of workers as independent contractors — also known as freelancers or the self-employed — instead of employees is happening across many industries, like construction, health care, restaurants, retail and transportation, Labor Department officials said Tuesday. Employers may benefit financially by classifying their workforce as contractors instead of employees. These companies often classify gig workers as independent contractors. Federal action would especially be a boon to "low-wage, vulnerable workers," Labor Department officials said.
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