Am I Underpaid? Too Often, Younger Workers Don't Know
New York City’s salary transparency law can help people choose majors and careers. (Are you sure that bachelor’s degree in business will pay off?)
Is there a salary sheet for that job sales pitch?
Photographer: Charles Mostoller/Bloomberg
One goal of New York City’s new salary transparency law is to close the persistent pay gap between men and women. By requiring companies that are hiring to post salary ranges with job descriptions, the theory goes, applicants will have more information on what a certain job is worth and more leeway to negotiate for the best offer. This, in turn, may finally boost the salaries of women and people of color to be more in line with those of White men.
I hope the law does help close these pay gaps. I also hope it helps another group of people: younger workers.