Pablo Cuadra/Getty Images US tech firms including Uber, Lyft, and DoorDash could offer independent contractors up to 15% of their compensation in stock under a new regulatory proposal.The proposal addresses heated debate in favor of allowing the fast-growing gig economy to enjoy more traditional benefits like job security.The SEC's proposal will be open for 60 days of public comment.It is unclear if President-elect Joe Biden's new SEC pick will finalize the pilot program.Visit Business Insider's homepage for more stories.US app-based technology firms like Uber, Lyft, and DoorDash could offer equity compensation to their gig workers under a new SEC proposal announced Tuesday.The regulator proposed a pilot program for tech platforms that employ food-delivery workers or drivers to get paid up to 15% of their compensation in stock rather than cash.

BING NEWS:
  • Here's How a Massachusetts Court Case Featuring Uber and Lyft Could Reshape the Gig Economy
    Competing ballot measures in the state will decide if drivers are independent contractors, and whether they can unionize. A judge will soon decide whether both will make it to the ballot.
    05/3/2024 - 6:53 am | View Link
  • Mass. auditor report alleges Uber, Lyft takes more than half of fares, disappearing tips
    Uber and Lyft are not paying their drivers their due, a state auditor's report said. Massachusetts state auditor Diana DiZoglio released a report allegedly exposing the predatory and exploitative ...
    05/3/2024 - 6:15 am | View Link
  • Uber and Lyft face an uncertain future in Massachusetts as state’s ballot measures go to court
    The proposal backed by apps would keep contractors from employee status while the labor-backed proposal would allow drivers to unionize.
    05/3/2024 - 3:04 am | View Link
  • Uber And Lyft Drivers' Future Hangs In Balance As Massachusetts Supreme Court Deliberates
    In March, Uber and Lyft announced they would cease operations in Minneapolis starting May 1, after the City Council overrode Mayor Jacob Frey' s veto and mandated that rideshare drivers be paid the ...
    05/3/2024 - 2:15 am | View Link
  • Status of Uber, Lyft gig workers hinges on Massachusetts court fight
    Massachusetts has become the latest front in a years-long battle in the United States over whether ride-share drivers for Uber and Lyft should be treated as independent contractors or employees ...
    05/2/2024 - 11:22 pm | View Link
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