The U.S. securities regulator announced a temporary rule that will allow private and public tech companies to pay gig workers up to 15 per cent of their annual compensation in the form of company stock, similar to what some full-time employees receive. (TechCrunch, The Logic)

Talking point: The SEC said the rule change reflected a “significant evolution” in the composition of the modern workforce, and intends to allow platform workers to participate in the growth of the companies that their work supports. To date it has not allowed companies to pay gig economy workers in equity. The proposal comes just weeks after California voters approved Proposition 22, a ballot measure that allows companies like Uber and DoorDash to not categorize their gig workers as employees, sidestepping a gig-worker law known as Assembly Bill 5 that would have forced them to do so.