Here's a look at salary range transparency progress in the U.S.
have taken up similar mandatory public disclosure laws. These measures typically affect businesses with at least a small number of employees.could mark a tipping point in the long-running fight for wage equity.
"When Colorado required that, in the immediate aftermath, there were some companies that tried to get a little cute and in their postings said, you can do this anywhere in the country except Colorado," said Emily Martin, vice president of Education & Workplace Justice at the National Women's Law Center. "You can't really do that when you have industry leaders like New York and California requiring this.
The rise of these pay transparency laws could boost wages for minorities and women, who may be paid less than their peers. The pay gaps derive from many factors including job preferences and inexplicable discrepancies. But a growing body of research also says that the movement could dampen wage growth over time. "What we found is that people get smaller raises," said Bobak Pakzad-Hurson, an assistant professor of economics and entrepreneurship at Brown University.. "Is the juice worth the squeeze? In some sense, I think we have to weigh these trade-offs," he said in an interview with CNBC.
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