Abhi Bhambri

Over the past decade, emerging markets have demonstrated resilience and adaptability in the face of global inflation challenges. As these nations continue to adapt, their ability to navigate inflationary pressures positions them for long-term success in an evolving global economy. As part of our continued goal to highlight youth viewpoints on issues of concern to them, SPRING seeks to bring the unique perspectives of students into global policies to implement more sources of renewable energy. This paper analyzes how recent inflationary trends affect global trade policies within emerging markets, providing background information on three case studies in India, the Congo, and Mexico.

The Overtime Pay Tax Relief Act seeks to make overtime compensation tax-deductible for workers, allowing up to 20% of eligible overtime earnings to be excluded from taxable income and phasing out benefits at higher income levels. By increasing take-home pay and incentivizing additional hours, the bill aims to support workers during ongoing labor shortages and stimulate bottom-up economic growth. However, the legislation introduces concerns about federal revenue loss, tax-code complexity, and potential inequities between workers with similar annual earnings but different wage structures. To strengthen equity and sustainability, the article recommends adopting a graduated deduction and implementing safeguards to prevent wage distortion and misclassification.