October 29th, 2022
A fearful October for entrepreneurs
As Halloween approaches, small business owners and independent workers have a lot to be scared of. The economy is struggling, with the Dow Jones losing over 13 percent of its value this year, inflation hitting 8.2 percent, and gas prices up 16 percent from this time last year. If that weren’t enough, workers and business owners now need to prepare for two regulations from the Biden administration that will attack their ability to earn a living, own a business, or make extra cash.
The National Labor Relations Board (NLRB) is coming after the almost 800,000 franchise owners who employ 8.5 million people. The board’s proposed “Joint Employer” rule, would have catastrophic effects on the franchise industry and restrict the opportunities of small business owners who are franchisees.