Uber and Instacart don’t represent Silicon Valley. Why we’re voting “No” on Prop 22

One of his key arguments was that today’s system forces a choice for every worker and every company: you’re either an employee with more benefits but less flexibility, or an independent contractor with more flexibility but almost no safety net. Uber’s new proposal aims to eliminate this forced choice — yet many of our critics say it doesn’t actuall... See more

The proposal would not require an increase in pay, just create flexibility on whether to pay using cash or equity. It comes amid a fierce debate over the fast-growing gig economy, which labor activists complain exploits workers, depriving them of job security and traditional benefits like healthcare and paid vacations.

The U.S. securities regulator on Tuesday proposed a pilot program to allow tech companies like Uber and Lyft to pay gig workers up to 15% of their annual compensation in equity rather than cash, a move it said was designed to reflect changes in the workforce.