New California bill aims at the combined $107 billion lost to gender, racial pay gap

New California bill aims at the combined $107 billion lost to gender, racial pay gap

Companies with more than 100 employees in California could be required to publicly share how much they pay their workers in an attempt to close the gender and racial pay gaps.
Sen. Monique Limón, D-Santa Barbara, introduced a bill this week that would require companies to share aggregated data on wages broken down by race, gender, and ethnicity on their websites in addition to salary ranges on their job postings. It’s an attempt to shrink California’s gender and racial pay gap through pay transparency.
In Santa Clara County alone, women made 71 cents for every $1 their male counterparts earned in 2018, according to an analysis by the California Budget & Policy Center. Throughout California, wage gaps cost women a collective $46 billion in 2020, and people of color $61 billion, according to a report from Trusaic, a software company that supports the bill and helps businesses address gender pay disparities and analyzed wage data from companies that was privately shared with the government.

New California bill aims at the combined $107 billion lost to gender, racial pay gap.

https://www.mercurynews.com/2022/02/26/new-bill-aims-at-the-combined-107-billion-lost-to-gender-racial-pay-gap

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