The Securities and Exchange Commission has issued rules that would allow public and private companies to offer equity compensation to gig workers. The rule-making comes just weeks after California voters upheld an initiative that overturned legislation that would have classified gig workers as employees. The initiative replaced employment status with requirements that gig economy companies include an earnings guarantee of at least 120% of minimum wage while on the job, 30 cents per engaged miles for expenses, a healthcare stipend, occupational accident insurance for on-the-job injuries, protection against discrimination and sexual harassment and automobile accident and liability insurance, as TechCrunch reported.
Sec Issues Proposed Rulemaking To Give Gig Workers Equity Compensation
Jonathan Shieber, TechCrunch
Tue, 11/24/2020 - 10:43am
Topics: california techcrunch after prop uber as elad roisman hester peirce those sec the americans we securities exchange commission commission proposed give gig workers equity compensation stock rules time economy companies wrote statement issued offer guidelines employees initiative insurance income engaged accident include earnings services expenses
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