"Understanding the Impact of Biden's Independent Contractor Rule on Workers and Entrepreneurs"

The Department of Labor's new rule change under the Fair Labor Standards Act, set to take effect on March 11, aims to curb misclassification of independent contractors. The rule uses an economic realities test with six metrics to determine worker classification, reverting to a pre-2021 emphasis. It applies to workers paid less than the federal minimum wage and overtime, allowing them to file claims if they believe they've been misclassified and denied proper wages.