Fg and new minimum wage way out
You're referring to the Fairness for Gig Economy Workers Act (FG) and the proposed new minimum wage law. Here's a breakdown of both:
Fairness for Gig Economy Workers Act (FG):
The FG Act is a proposed federal law that aims to provide basic labor protections to gig economy workers, such as those employed by companies like Uber, Lyft, and TaskRabbit. The bill would:
- Define gig economy workers as employees, not independent contractors.
- Entitle them to minimum wage, overtime pay, and other labor protections.
- Allow them to form unions and engage in collective bargaining.
- Provide a process for resolving disputes and enforcing labor standards.
New Minimum Wage Law:
There have been various proposals for a new minimum wage law at the federal and state levels. Some of the key features of these proposals include:
- Increasing the federal minimum wage: Some proposals aim to raise the federal minimum wage from $7.25 to $15 or higher per hour.
- Indexing the minimum wage: Others propose indexing the minimum wage to inflation, so it keeps pace with the cost of living.
- Tipping credit: Some proposals eliminate the tipping credit, which allows employers to pay tipped workers a lower minimum wage (currently $2.13 per hour).
- Automatic increases: Some proposals would automatically increase the minimum wage over time, without the need for Congressional action.
Way Out:
If you're looking for a way out of the current minimum wage and gig economy issues, here are a few potential solutions:
- Unionization: Joining a union or forming a collective bargaining unit can help gig economy workers negotiate better wages, benefits, and working conditions.
- Legislative action: Support lawmakers who propose and pass legislation that benefits gig economy workers, such as the FG Act.
- Business model changes: Some companies are experimenting with new business models that prioritize worker well-being and fair compensation. Support these companies and encourage others to follow their lead.
- Personal financial planning: In the meantime, gig economy workers can focus on building multiple income streams, saving for emergencies, and developing skills to increase their earning potential.
Remember that these are just a few potential solutions, and the best approach will depend on your individual circumstances and goals.