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The labor market is cooling while more Americans are using side hustles like driving for Uber to cope with rising prices. Yet now the Biden Administration is declaring war on the so-called gig economy and countless companies that utilize freelancers.
The Labor Department on Tuesday proposed a rule that aims to reclassify millions of independent contractors as employees. About 20 million Americans work as independent contractors, which have more autonomy than employees and can set their own hours and work for multiple companies at the same time.
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