Joe Biden has made a decision.
He made an announcement that will cost millions of Americans their jobs.
And now anger is brewing at Joe Biden for hurting so many people.
Joe Biden’s economic policies have been calamitous ever since he took office. He’s brought about sky-high inflation and soaring interest rates.
Americans cannot buy homes and people are having to budget for just basic necessities like groceries.
It’s a large reason why Biden’s approval ratings have fallen so low and now his latest announcement certainly won’t make it any better.
Biden has announced a new policy that ultimately attacks “gig workers” – people who depend on independent contracting jobs like driving for Uber, or shopping for Instacart, to make a living.
Now those people could find themselves out of work.
According to Newsweek: “The Biden administration is expected to announce a new contractor rule this week, which could impact millions of American workers who are employed in the gig economy and potentially misclassified as independent contractors.”
“The new U.S. Department of Labor (DOL) rule is an answer to the massive growth experienced by the gig economy in recent years. It employed an estimated 36 percent of American workers, or about 57.2 million people, before the pandemic, according to Gallup and Statista. In 2023, the latter estimated the number of freelancers in the U.S. to be 73.3 million.”
“The new rule would make it more difficult for companies to treat workers as independent contractors rather than employees, who are generally entitled to more benefits and legal protections. It would replace the Trump administration’s rule that said any workers who own their own business or have the ability to work for competing companies can be treated as contractors.”
What this new policy will do is benefit a small number of “gig workers” at the expense of everyone else. Some would receive the new benefits, but many more would lose their ability to work as independent contractors.
The article continues, “The Biden administration says that this rule violated the U.S. wage laws, allowing companies to spend much less on their independent contractors than they would on their regular employees.”
That sounds nice, but the result will be that these companies will simply hire fewer people and downsize their existing workers.
Progressives might think this helps the poor and dispossessed, but the result is actually the opposite.
Once again, Joe Biden is sticking his hands into the U.S. economy and making things worse.