Income equality

"Opportunity zones" may not benefit poor, rural areas

Data: Develop LLC. Notes: City names refer to the larger metropolitan statistical areas defined by U.S. Census; "Large U.S. metros" refers to MSAs with at least 1 million people as of 2018; Values for each may not add up to 100 due to rounding. Chart: Harry Stevens/Axios

A new policy designed to attract investment to low income communities may not benefit rural areas and the most impoverished communities.

Between the lines: The majority of what are being called "opportunity zones," which are economically distressed census tracts nominated by governors to receive special investment tax breaks, lie within large metro areas. While most have low median income projections, quite a few are in relatively prosperous areas of major cities like D.C. and San Francisco, according to data collected by Develop LLC.

Judge rules employers must disclose pay by gender, race

President Donald Trump.
President Donald Trump. Photo: Cheriss May/NurPhoto via Getty Images

A federal judge ruled on Monday that the Trump administration must reinstate an Obama-era requirement for companies to report how much they pay their employees, along with their gender and race — a move supporters say would address pay disparities among workers of different groups.

Details: The rule went into effect in September 2016, mandating private employers with 100 or more employees and federal contractors with 50 or more workers disclose their pay data. U.S. District Court Judge Tanya Chutkan said the Trump administration failed to justify that its move to block the regulation in August 2017 would ease the burden on employers. Chutkan's ruling reportedly affects over 60,000 companies that employee 63 million people.

Go deeper: The real wage gap for women

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