Sat. Aug 24th, 2019

Mary Meeker, Kamala Harris, Pay Fairness, Lori Lightfoot: Newspaper Might 21

Attempting to bridge the hole . Kamala Harris, Democratic hope for 2020, introduced yesterday a brand new "pillar" of his presidential marketing campaign and has thus landed firmly on the Broadsheet territory. The California senator has put in place a measure of equal pay meant to scale back the gender pay hole, permitting American ladies to earn 80 cents per male greenback.

The scheme would require all companies with 100 workers or extra to acquire an equal pay certificates by proving that they have been paying the identical for women and men for work of equal worth, or to a superb of 1% of their income for every 1%. wage hole. It could additionally require corporations to report the proportion of ladies in managerial positions, prohibit them from asking for data on their wage historical past, and prohibit them from resorting to pressured arbitration to course of wage discrimination claims.

Harris sees his plan as "the very first nationwide precedence for decreasing this wage hole," however his friends are very shut. This appears like an Obama period rule that required employers of greater than 100 employees to report wage information by race and gender. (It’s possible you’ll do not forget that the Trump administration had tried to revoke the rule due to its "heavy burden" for companies, however a decide rejected that rationale in March – a call that the administration Calls on enchantment.) However Harris' plan provides a punitive layer within the type of superb, introducing what may very well be a robust stick with the equation. This aligns its proposal with initiatives in Iceland and France, the place the communication of pay gaps between women and men is accompanied by monetary sanctions. And this contrasts along with his concept of ​​the strategy taken within the UK, whereby corporations should not fined for pay gaps between women and men they report; the concept being that naming and shaming is kind of motivating.

Harris is already enjoying on the risk his concept imposes. At a rally on Sunday that preceded Monday's announcement, she mentioned the measure would "maintain corporations accountable for transparency and decreasing this hole."

"If not, there might be penalties," she mentioned to applause.

The superb actually provides energy to the initiative, plus a supply of revenue. Her marketing campaign estimates that she’s going to generate $ 180 billion in her first decade, which can assist fund a paid household and medical depart plan that Senator Kirsten Gillibrand put in place and which Harris supported. However on the similar time, the superb is basically a brand new company tax, which might complicate efforts to completely implement its plan with out Congressional help.

That is essential as a result of the proposal might run into opposition from Republicans. "We don’t must encircle new rules, burdens, or fines to create alternatives for ladies, and President Trump's financial document is testimony to that," mentioned a spokeswoman for the committee. Republican Nationwide in response to this concept.

However for his half, Harris has a pay hole of 20%, which is even worse for black and Latin ladies, and one examine signifies that when corporations are required to reveal their wage information, their variations between women and men are shrinking.

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