Tuesday, January 23, 2024

🙌IMSPARK: Wage Equity for All in the Pacific 🙌

 🙌Imagine… Wage Equity for All in the Pacific 🙌

💡 Imagined Endstate: 

The Pacific region has successfully achieved wage equity for all workers, regardless of their gender, race, ethnicity, or other characteristics. The region has fostered a culture of fairness, opportunity, and inclusion, where everyone is paid fairly and equitably for their work.



Wage and Hour Division, DOL. (2021). Independent contractor status under the Fair Labor Standards Act. Federal Register, 86 (4), 1168-1248. 

💥 What’s the Big Deal: 

The rule by the Wage and Hour Division (2021) revises the interpretation of independent contractor status under the FLSA, which requires covered employers to pay their nonexempt employees at least the federal minimum wage and overtime pay, and to keep certain records regarding their employees. 🌟 The rule adopts an “economic reality” test that focuses on two core factors: the nature and degree of the worker’s control over the work, and the worker’s opportunity for profit or loss based on initiative and/or investment.💸 The rule also identifies three other factors that may serve as additional guideposts: the amount of skill required for the work, the degree of permanence of the working relationship, and whether the work is part of an integrated unit of production. Wage equity is a key aspect of income inequality, as it affects the economic and social well-being of workers and their families, especially the most vulnerable and marginalized groups.🌈 By achieving wage equity, the Pacific region can enhance its economic growth, social cohesion, and political stability. Achieving wage equity can also support the region’s resilience to global challenges such as climate change, health crises, and digital divide.

#WageEquity, #PacificFuture, #Fairness, #Opportunity,#Inclusion,#IMSPARK,

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