NYC Delays Its Pay Transparency Law

Lawmakers in the Big Apple postponed a law mandating pay transparency for most jobs late last week, delaying its implementation from later this month to November 1.

🗽 The deets: Four months ago, NYC's government overwhelmingly voted to require that most ads for jobs in America’s most populous city post the minimum and maximum salaries for each role.

• The idea is that by doing so, lawmakers can help diminish unfair gender and racial pay disparities. 
• In some industries like the public sector, where salaries are publicly available, gender wage gaps are more narrow.

🇺🇸 Zoom out: The Big Apple is the latest out of nearly a dozen cities and states to approve pay transparency laws in recent years. Since 2019, seven states and two other cities – Cincinnati and Toledo, OH – have started requiring employers to disclose salary information to job-seekers in at least some circumstances.

✋ Yes, but… In many cases, like NYC, local businesses have pushed back against the new laws, which they contend couldn’t have come at a worse time. In other words: the competition for workers is hot, and companies argue they need maximum flexibility on pay (especially small businesses).