If you work harder than I, for the same pay, that is equitable but it isn't fair.
https://en.wikipedia.org/wiki/Social_equity
The extent to which equality of outcome is pursued and for which groups are traditionally factors, but the overarching idea is in pursuit of equality of outcome.
Equity: winding up at the same position, for example when everybody in a race wins the same medal, regardless of how hard they trained or how talented they are.
An apocryphal story about equity:
https://en.wikipedia.org/wiki/Social_equity
The image at the top of this page was quite popular in circulation a few years ago, and exemplifies that concept of social equity very concisely. (Ignore the debate below as you will)
https://dividedwefall.org/equity-vs-equality/
Edit: nvm, this guy is just a troll, not speaking in good faith. I guess that’s on me for believing the claim of actually looking for a definition.
First definition in Merriam-Webster for “equity” (which was the first result on Google for me): fairness or justice in the way people are treated
https://www.merriam-webster.com/dictionary/equity
That links to “equitable”, which has in its first definition: often, specifically : fair in a way that accounts for and attempts to offset disparities in the way people of different races, genders, etc. are treated
Nobody is asking for equal result. Equity means sharing the rewards of productivity, instead of allowing a group of people who do nothing get rich off of other people's hard work. That's fair.
Doing good work should be rewarded!
Pursuing some level of equality of outcomes has been a core concept in social equity
https://en.wikipedia.org/wiki/Social_equity
Social equality is focused around equality of opportunity. Social equity is about pursuing equality of outcome, generally by allocating resources and services unequally to give groups perceived as having historical disadvantages an extra boost.
Your two sentences contradict each other.