NYC to require employers to specify salary ranges

• The median salary for men was 18% higher than it was for women in 2021, according to PayScale.

Details: The City Council passed the law last month, and Mayor Eric Adams had until Friday to veto the bill.

• The mandate applies to employers with more than four employees but doesn't include temporary hiring firms, per CNN. Not posting a salary range is considered an "unlawful discriminatory practice" and may result in a fine of up to $125,000.
• "Our new law shines a light on pay inequity," Helen Rosenthal, a former City Council member and sponsor of the bill, told CNN in a statement. "Including pay ranges in job postings allows job seekers to determine whether they will be able to support themselves and their family when they apply for a job."

But, but, but: Republican council member Joe Borelli, the minority leader, called the bill "an unnecessary interference" in a contract negotiation, according to CNN.

• "This smacks as something someone who never has run a business would support," he said.