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Gig workers can partly be paid in equity under pilot program

Posted On: Nov. 30, 2020 9:39 AM CST

On Nov. 24, the U.S. Securities and Exchange Commission proposed a pilot program allowing tech firms like Uber Technologies, Inc. and Lyft Inc. to pay gig workers up to 15% of their annual compensation in equity instead of cash – an initiative it said was meant to reflect changes in the workforce, Reuters reported. According to the U.S. securities regulator, internet-based companies may have the same incentives to offer equity compensation to gig-workers as they do to employees.

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