U.S. tech firms allowed to pay gig-workers with equity under SEC proposal

U.S. tech firms allowed to pay gig-workers with equity under SEC proposal

The U.S. securities regulator proposed a pilot program to allow tech companies to pay gig workers up to 15% of their annual compensation in equity rather than cash.

The SEC said the move is designed to reflect changes in the workforce.

“Work relationships have evolved along with technology, and workers who participate in the gig economy have become increasingly important to the continued growth of the broader U.S. economy,” said SEC Chairman Jay Clayton in a statement.

The proposed temporary rules would allow gig workers to participate in the growth of the companies their efforts support, he added, capped at 15% of annual compensation or $75,000 in three years.

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