So ubiquitous is the gig economy in American life that, for many of us, the “taxi” has gone the way of the “tissue.” Just as a “Kleenex” is now the thing we blow our noses into, we now take an “Uber” when we want to go somewhere. And anyone who’s ever ridden in an Uber likely knows that for many drivers, that job may be but one of their many streams of income—one among a series of “gigs.”
A new Biden administration rule that changes the criteria for determining who is considered an independent contractor under the Federal Labor Standards Act went into effect Monday, potentially redefining “gig work” as we know it. Advocates of the new rule say it will expand the benefits of full employment—federal minimum wage, unemployment insurance, overtime, and Social Security benefits—to millions of independent contractors, particularly those who are “misclassified” as such.
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