The Biden administration has rescinded a Trump-era Labor Department rule making it easier for gig economy companies to classify their workers as independent contractors rather than employees. Share prices of Uber, Lyft and DoorDash fell on the news. The rule helped the companies to evade basic wage and workplace protections under the Fair Labor Standards Act.
Labor Dept. Voids Trump-Era Rule Making It Easier to Classify Gig Workers as Independent Contractors
HeadlineMay 06, 2021