Potential for Increased Stock Payout for Gig Workers
A new SEC proposal proposes 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. Previously, gig workers could not be compensated with company equity as they were not considered regular employees. However, as gig workers become an increasingly more vital part of the American economy, companies such as Uber and Doordash are making concessions to its large gig workforce.
See "Potential for Increased Stock Payout for Gig Workers ", Shalini Nagarajan, Markets Insider, November 30, 2020