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. The …
