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Tue May 21, 2019, 08:37 AM

Kamala Harris Announces Plan to Close the Gender Pay Gap

New: Kamala Harris announces latest policy initiative, which would require larger companies to certify with the federal govt they are paying men and women equally. Those who don't meet standards will be fined 1% of profits for every 1% in wage gap.

Senator Kamala Harris of California on Monday announced a proposal to close the gender wage gap by requiring larger companies to certify that men and women are paid equally, in an effort to combat wage discrimination on a federal level.

Unlike previous federal legislation regarding the pay gap, which asked workers to report or sue their employer if discrepancies were suspected, Ms. Harris’s plan would proactively force companies with 100 or more employees to obtain an “equal pay certification” every two years, showing that they were paying men and women the same for analogous work, her campaign said.

The most recent studies on the gender pay gap, which are not based on analogous work, show that women who work full time make 80 cents for every dollar paid to men, adding up to more than $400,000 in missed wages over the course of a woman’s career. The numbers are even worse for women who are also racial minorities — about $1 million in missed wages over a career for Latinas, Native American women and black women, according to an analysis by the National Women’s Law Center.

Under Ms. Harris’s proposal, companies that do not meet the pay certification standards would be fined 1 percent of their profits for every 1 percent difference in pay between men and women. The proposal also says that, should Congress fail to act, Ms. Harris would apply these standards to federal contractors unilaterally, barring companies that fail to obtain an “equal pay certification” from competing for federal contracts valued at more than $500,000.

More here --> https://www.nytimes.com/2019/05/20/us/politics/kamala-harris-gender-pay-gap.html

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