When President Joe Biden named Lina Khan to chair the Federal Trade Commission (FTC), the conventional wisdom predicted a focus on Big Tech. In practice, however, Khan has proven hostile not just to the tech sector, but to innovators generally, including those in the gig economy. If the FTC continues down this road unchecked, there will be damaging and far-reaching repercussions that hurt consumers and imperil economic opportunities.
Even as the economy struggles with 40-year-high inflation rates, the gig economy remains a thriving sector that has maintained its recent momentum. In fact, the gig economy experienced 33% growth in 2020 and is expanding faster than the U.S. economy as a whole, which has only just barely returned to growth after two consecutive quarters of decline.
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