Voices Against California AB5 Power Backdrop for Controversial Bill Changing the Face of the Gig Economy.
JoTo PR client Elliot Dinkin, CEO of Cowden Associates, was featured in an article in Business Insider titled, California’s Assembly Bill 5 Makes it Harder for Companies to Classify Workers.
California’s Assembly Bill 5, signed into law on September 18, 2019, leads to questions of the stability of the gig economy in that state. If individuals must reclassify to employees from independent contractors, there is a real threat to the viability of the business model.
“If these individuals end up being treated as some form of employees, then certain business models may no longer be sustainable,” said Elliot Dinkin, a nationally known expert in actuarial, compensation, and employee benefits issues. “The primary reason: cost relating to a variety of areas, such as payroll taxes, workers’ compensation, health and welfare, and retirement benefits.”
Cowden Associates, Inc., headquartered in Pittsburgh, PA, was created in 2001 by the merger of Halliwell and Associates and MMC&P Spectrum Benefits, which was founded by Jere Cowden in 1986. Currently led by President & CEO Elliot Dinkin, Cowden Associates specializes in helping corporate clients find the best solutions, both for the enterprise and for its employees, with regard to compensation, healthcare benefits, retirement and pension issues, and Taft-Hartley fund consulting. Winning Workplaces and The Wall Street Journal have recognized Cowden Associates as a “Top Small Workplace,” a lifetime designation awarded to executives for their ability to build and lead savvy organizations. For more information, visit www.cowdenassociates.com
Business Insider is an online publication that serves as an online business news resource dedicated to aggregating, reporting and analyzing the top stories from the Web.
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