"At its core, the rule makes it easier to classify workers as independent contractors rather than employees."
An estimated 1.3 million employees could become eligible for overtime pay under the rule.
The Department of Labor's opinion came in a letter to a virtual marketplace company that operates in the "sharing" economy.
While companies are cheering a judge's decision to quash the new DoL overtime regulations, thorny issues are in play, including the prospect of an appeal.
President Obama plans to more than double the pay threshold under which workers are entitled to overtime pay.
... be sure you ask these 10 questions, says the general counsel for LegalZoom.
Employee class-action lawsuits, expected just two years ago to become a minor worry, remain a threat and may flare up in 2014.
Low-paid workers who now will be eligible for generous federal subsidies to buy health insurance next year may have grounds to sue their employers in 2015.
A U.S. Supreme Court decision could present companies with “the Herculean task of monitoring and tracking every task performed by every tipped employee,” a trade association says.
