How an obscure labor rule could make recession inevitable ...Middle East

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How an obscure labor rule could make recession inevitable
This week the Federal Reserve announced that it expects a recession in the coming months. Companies are already engaging in hiring freezes and layoffs, and several economic indicators point to a pessimistic future. But a pending Department of Labor (DOL) rule could make this recession more severe by cutting off work opportunities for millions of Americans. Under the guise of combatting worker misclassification issues and perceived worker inequalities, the DOL is finalizing a new independent contractor rule that would significantly limit the circumstances under which a worker can legally engage in self-employment. At this point, most people realize that freelancing, independent and s

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