The New Year Will Bring New Rules For The Gig Economy

The gig economy, a billion-dollar sector, faces significant changes as debates over worker classification intensify. California's Assembly Bill Five introduces a new test for classifying workers, potentially reclassifying many as employees. This change could provide benefits but also lead to job cuts. Nationally, legislation like the 'gig is up act' aims to ensure companies contribute to Social Security and Medicare for gig workers. Republican bills focus on protecting gig companies and redefining worker status. The outcome of these legislative efforts could have widespread economic and political ramifications.

What is the primary focus of California's Assembly Bill Five?

• To increase the minimum wage for gig workers

• To classify gig workers as employees instead of contractors

• To provide tax benefits to gig companies

• To ban gig economy platforms in California

What potential impact of Assembly Bill Five is mentioned in the video?

• Reduction in state taxes

• Expansion of gig economy platforms

• Looming freelance job cuts

• Increase in gig worker wages

Which act was introduced by Congresswoman Deb Haaland?

• The Gig is Up Act

• The Freelance Workers Act

• The Independent Contractors Act

• The Gig Economy Protection Act

What is the purpose of the 'Protect the Gig Economy Act' introduced by Republicans?

• To increase taxes on gig economy companies

• To ban gig economy platforms

• To protect gig companies from class action lawsuits

• To provide health benefits to gig workers

Which presidential candidates have proposed their own gig economy plans?

• Senator Mitch McConnell, Senator Chuck Schumer, and Senator Lindsey Graham

• Mayor Pete Buttigieg, Senator Bernie Sanders, and Senator Elizabeth Warren

• Mayor Bill de Blasio, Senator Amy Klobuchar, and Senator Cory Booker

• Senator Kamala Harris, Senator Ted Cruz, and Senator Marco Rubio