A rideshare driver takes part in a rally as part of a statewide day of action to demand that ride-hailing companies Uber and Lyft grant drivers "basic employee rights'' in Los Angeles, California on August 20, 2020. Photo: Reuters
Let US tech firms like Uber and Lyft pay gig workers with equity instead of cash, SEC proposes
- The US regulator proposes a pilot programme where companies can pay gig workers up to 15 per cent of their annual compensation in equity
- The proposal does not require an increase in pay, but creates flexibility on whether companies can pay gig workers using cash or equity
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Technology
A rideshare driver takes part in a rally as part of a statewide day of action to demand that ride-hailing companies Uber and Lyft grant drivers "basic employee rights'' in Los Angeles, California on August 20, 2020. Photo: Reuters