April 29, 2019 at 8:54 pm #88575Larry BloodworthParticipant
Last month, I read an article with great interest in the debate about whether gig workers are employees or contractors. For those who may not know what a gig worker is, you can see the definition here. https://www.investopedia.com/terms/g/gig-economy.asp The debate was about people working for Fiverr, Upwork, Uber, Lyft and hundreds of other similar companies. Here’s the article I read last month: https://www.nytimes.com/2019/03/26/business/economy/gig-economy-lobbying.html These billion dollar companies have been doing some serious lobbying to keep their gig workers as self-employed contractors and as of last month, it was all up in the air. Until today. In a similar way court case decisions set a precedent for future rulings, today’s ruling by the U.S. Dept. of Labor may have a far-reaching effect. You can read today’s story about the new ruling here. https://www.nytimes.com/2019/04/29/business/economy/gig-economy-workers-contractors.html I’m waiting for stuff to hit the fan when the IRS doesn’t agree. I’ve observed two different federal government agencies not agreeing more than once in my lifetime. Yes, the only thing that always remains the same is change.
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