How the new Department of Labor rule will impact misclassification of independent contractors

How the new Department of Labor rule will impact misclassification of independent contractors

Independent workers make up about 45% of the U.S. workforce, according to a 2023 report from MBO Partners, a platform dedicated to meeting their needs. That’s more than 72 million Americans, with nearly 30 million of them working independently full-time.

While many of them have chosen the freedom that this type of lifestyle offers, some have been misclassified and should be considered employees instead. This misclassification may result in loss of income, ineligibility for state and federal unemployment systems, etc. Nearly 10% of independent contractors make less than $7.25 per hour, according to the National Employment Law Project.

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