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Biden’s attack on gig work is an Uber mistake
Stuart Varney: Biden’s trying to shut down the gig economy
FOX Business’ Stuart Varney weighs in on President Biden tightening rules on independent contractors.
If we thought the latest inflation numbers were bad, the Biden administration is about to make things worse. Last week, the Department of Labor announced a new rule that would curtail the use of contractors and freelancers – the heart of the "gig economy."
Framed as "helping" these workers by forcing them onto payrolls, this rule will certainly be another example of "when help hurts" to come out of the Biden administration.
The reality is this regulation will increase prices further at a time when inflation on necessities is crushing Americans. It will eliminate jobs, and, make no mistake, this act of faux benevolence will strip individuals and families of autonomy over their own lives. The rule is subject to a 45-day comment period, and the American people need to be loud in saying "thanks, but no, thanks."
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This rule will drive up the cost of everything as the gig economy is far more than ride sharing and food delivery. Gig workers that would fall under the restrictions of this rule include plumbers, electricians, nannies, tutors, journalists, therapists and actors – pretty much anyone who offers their time and talent on their terms.