The Paradoxical Consequences of the Employee–Contractor Designation

Written by Jasmin Sethi and co-authored with Megan Gallagher, Research Associate at Sethi Clarity Advisers.

The U.S. gig economy, fueled by platform workers, including Uber drivers and Instacart shoppers, contributes more than $1 trillion to the U.S. economy. Last November, the U.S. Securities and Exchange Commission (SEC) proposed a rule that could pave the way for these platform workers—commonly known as gig workers—to receive equity compensation just like employees and other categories of independent contractors.

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This article was co-authored with Megan Gallagher, Research Associate at Sethi Clarity Advisers.