On the basis of our reassessment of the economic impact analysis adopted by the DOL, we have showed that, for the average worker who might become an independent contractor as a result of the increased clarity of worker status provided by the final rule, cash-based compensation and the cash-valued work attributes (i.e., flexibility) would both increase, outweighing the lost value of fringe benefits. Employment would also increase as employers dedicate some of associated cost savings to hiring new workers, and the rest of the cost savings would be reinvested in capital or used for consumption. We estimate, on the basis of the DOL’s adopted analysis, that withdrawing the final rule would result in a net annual economic loss of $1.85 billion rather than the economic benefit the DOL anticipates.