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:

  1. Define gig economy workers as employees, not independent contractors.
  2. Entitle them to minimum wage, overtime pay, and other labor protections.
  3. Allow them to form unions and engage in collective bargaining.
  4. 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:

  1. Increasing the federal minimum wage: Some proposals aim to raise the federal minimum wage from $7.25 to $15 or higher per hour.
  2. Indexing the minimum wage: Others propose indexing the minimum wage to inflation, so it keeps pace with the cost of living.
  3. Tipping credit: Some proposals eliminate the tipping credit, which allows employers to pay tipped workers a lower minimum wage (currently $2.13 per hour).
  4. 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:

  1. Unionization: Joining a union or forming a collective bargaining unit can help gig economy workers negotiate better wages, benefits, and working conditions.
  2. Legislative action: Support lawmakers who propose and pass legislation that benefits gig economy workers, such as the FG Act.
  3. 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.
  4. 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.