Why New York City’s pay transparency law should be embraced by business

On May 15, New York City’s pay-range-transparency law will go into effect. This will require employers to include the pay range when advertising job openings. The purpose of this law is to address pay inequity affecting women and minorities. Some business groups oppose this legislation, claiming, “Changes will be difficult to implement, give employees the upper hand in salary negotiations, and make New York City appear less business-friendly,” according to a Feb. 1 Fortune article. To the…