Overview
The gig economy has transformed the way people work, offering flexibility and opportunities for many. However, it also raises important legal questions regarding worker classification, rights, and responsibilities. Understanding these legal implications is crucial for both workers and companies to n...
Key Terms
Example: Many people work in the gig economy as Uber drivers or freelance writers.
Example: Freelancers are often classified as independent contractors.
Example: Full-time workers at a company are considered employees.
Example: A company may face penalties for misclassifying its workers.
Example: Gig workers must pay self-employment tax on their earnings.
Example: Freelancers sign contracts with clients to outline project terms.