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<p><span>It s a pleasure to be with you today to talk about a subject that I experience directly—women s labor force participation.</span><span> I come to this issue with a similar perspective to this Commission, being from a heavily rural state and a small farming and ranching community deep in the Flint Hills of Kansas. But I also have roots here in Arkansas, my husband s family is from Hardy, and my father s mother was from Little Rock. It s really nice to be back in an area where I spent a lot of time growing up.</span></p>
United-statesArkansasLittle-rockKansasMunichBayernGermanyWashingtonAmericansAmericanCharles-fleischmanClaudia-goldin<p><span>Good afternoon. It is a pleasure to be able to join you today for this conversation, and as a bank regulator and former banker, I am pleased that this conference is making the case for diversity in terms that everyone in business can understand. At any time, but especially now when attracting and keeping skilled and talented employees is so challenging, it only makes sense that you ll get the best employees if both men </span><span>and</span><span> women see a business with diverse leadership, and the opportunity to advance. And when a large share of your customers are women, when understanding their perspective is so important to your business, having women in leadership positions will help you serve these customers better and make you a more profitable and successful enterprise.</span></p>
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Earlier today, the U.S. Department of Labor formally issued a rule that withdraws the Trump Administration’s regulation addressing the test for classifying workers as independent contractors or employees under the federal Fair Labor Standards Act. In a blog post the day before the Trump Administration regulation was formally issued, we noted “the regulation…would be ‘much ado about (almost) nothing.’” To that end, we commented that, “unlike most regulations with hard and fast rules, the proposed regulation was in the nature of an administrative interpretation comprising the Labor Department’s review of existing court decisions and its articulation of a preferred legal analysis … [that] courts would give little if any deference to.” Our reaction to the Biden administration’s new rule is no different. Of course, the issue of independent contractor status, especially in the gig economy, unfortunate
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