Posts tagged short-term
Beware the labor regs of March!
March 11, 2024 // A new rule from the federal government meant to protect workers is set to take effect today, March 11. It will instead leave most workers worse off by limiting their options for employment. Businesses will likely pull back from hiring entirely in many cases because the rules make it too risky. The rulemaking in question is the Labor Department’s (DOL) worker misclassification rule. The stated intent is to prevent situations where employers exploit workers. The rule is extremely vague on when business activities trip the line to exploitation however. DOL essentially leaves it up to federal regulators to decide. The rules won’t change things overnight. Regulators will still have to pursue cases based on them and court fights are sure to follow. But today is the day the mischief will officially start.
SEPTA, workers union reach tentative agreement on new contract: ‘It’s a really good deal’
October 31, 2023 // In an email announcing the tentative agreement, SEPTA said the focus during negotiations was to "find a way to recognize employees' hard word and ensure that SEPTA is in the best possible position to build ridership and address the looming fiscal cliff when federal COVID relief funds run out next year." SEPTA argued during negotiations that it's facing a $240M drop in operating funds in April when its COVID relief money runs out. The so-called "fiscal cliff" is believed to be why the tentative agreement reached Friday is a short-term deal.