US presidential candidate Kamala Harris unveils plan to close gender pay gap

US presidential candidate Kamala Harris unveils plan to close gender pay gap
Published: 29 May 2019 - 8:36 p.m.
By: CommsMEA staff writer
Women are still paid less for the same work as men.

A US presidential candidate has unveiled a bold plan to close the gender pay gap.

Under a plan from Democratic part candidate Kamala Harris, companies with more than 100 employees would need to obtain "Equal Pay Certification." They would be fined 1% of their average daily profits for every 1% of wage gap during the last fiscal year, after accounting for differences in job titles, experience and performance. It would generate an estimated US$180 billion in revenue within a decade, unless the pay gap is closed.

As part of the plan, businesses would also need to report the percentage of women in high-ranking leadership roles,as well as the percentage who are among the highest paid employees in the business.

Women around the world are consistently paid less than men for the same work. This comes despite the fact numerous studies show the more diverse a company is, the more money it makes.


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