SEC proposes paying gig workers in equity
The U.S. Securities and Exchange Commission has proposed a pilot program to allow tech companies like Uber and Lyft to pay gig workers a portion of their annual compensation in equity rather than cash.
The agency says the proposal is intended to modernize the system for compensation, in an effort to provide workers an opportunity to share in the growth of the business. Until now, SEC rules have not allowed companies to pay gig workers in equity.
Under the proposed rules, equity pay for gig workers would be capped at 15 percent of annual compensation or $75,000 in three years.
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