Biden New Labor Law will cause major effects on the Labor market
Walsh told Reuters in an interview last week that a lot of U.S. gig workers should be classified as "employees" who deserve work benefits. His comments signaled a shift in policy and hurt stocks of companies that employ gig labor.
Gig workers are independent contractors who perform on-demand services, including as drivers, delivering groceries or providing childcare - and are one-third more likely to be Black or Latino, according to an Edison Research poll.
Walsh said in the interview that his department would have conversations in coming months with companies that employ gig labor to make sure workers have access to consistent wages, sick time, healthcare and "all of the things that an average employee in America can access."
**These changes will also have huge effects on actors, models, freelance writers, musicians, and truck drivers.**
[Sources](https://www.reuters.com/world/us/bidens-labor-department-rescinds-trump-era-rule-affecting-gig-workers-2021-05-05/)
https://www.reddit.com/r/StockMarket/comments/n5haeb/biden_new_labor_law_will_cause_major_effects_on/
