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ALBANY — Women earned roughly 88.2 cents to every $1 made by their male counterparts in 2021, affirming a persistent wage gap in New York that differs across regions, according to a report released last week by the state Department of Labor.
New York has long claimed one of the narrowest gender wage gaps in the nation, coming in second to Vermont. But diminished earnings still impact women. The report assserts the difference will cost a woman an estimated $350,360 over a 40-year working career — with a female needing to work until age 67 to catch up with a 60-year-old man.
The Department of Labor hopes new legislation — as well as shifting attitudes for remote-hybrid work — will change that. The state’s pay transparency law will go into effect this coming September and require that most employers provide complete salary ranges for each job listing. According to the report, the department will then use complaint data on non-compliance to determine whether certain industries or regions are not actively abiding by the law.
Officials say transparency laws could represent a major step to closing wage gaps, giving women or any historically underrepresented group more knowledge in the salary negotiating process.
"What we know from studies that we've done is that salary negotiation is critical. And women are bad at it," said Roberta Reardon, commissioner of the Department of Labor.
The report, which also analyzed the...
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