Biden Rule Would Protect Gig Workers, Faces Legal Challenges

The Biden administration is preparing new guidelines to protect gig workers by making it harder for companies to classify them as independent contractors. However, the rule is likely to face legal challenges, particularly in industries like ride-hailing and food delivery. European Union member states rejected a provisional deal to reclassify gig workers as employees, citing economic impact concerns and a lack of support. Spain remains committed to improving the situation of digital platform workers. NCR Voyix President of Digital Banking emphasized the increasing trend of gig work among Gen Z individuals and highlighted the need for financial institutions to better serve gig workers.