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Labor Proposes Rule to Reclassify Contractors as Employees

The Labor Department on Tuesday unveiled a proposed rule that would reclassify some independent contractors as company employees, a move that could disrupt the gig economy. The highly anticipated rule takes aim at companies that the Biden administration says “misclassify” their employees as contractors. By becoming employees, those workers would be covered by overtime and minimum wage laws that don’t apply to contractors. Read more.