With the debate over worker classification in the Gig Economy raging, many employers who hire freelancers and contractors live in fear .
“That was the biggest issue: If you create something like this, are companies going to take advantage and coerce people to do it?” says Zaino. “We think they are not going to be able to coerce people above a certain income level. They are not providing a routine service that is a commodity.”
It is also possible there could be considerable political opposition to such a proposal–even if freelancers like it.
With labor market trends pointing to a future in which more people do independent work, governments in the U.S. and other nations are moving toward aggressively reclassifying workers now doing contract work as employees, notes Zaino. “They don’t want to lose that payroll tax,” he says.