The Biden administration has introduced a rule that may have far-reaching effects on the gig economy and contracting practices

The new rule aims to clarify the classification of workers as employees or independent contractors.

The proposed rule focuses on revising the criteria used to determine whether a worker should be considered an employee or an independent contractor.

If implemented, the rule could redefine the employment status of millions of gig workers, impacting companies like Uber and DoorDash, which heavily rely on independent contractors.