EU proposes fix for gender pay gap: Show me the money!
Added 03-04-21 08:03:01am EST - “The European Union executive wants to force employers to be much more open about how much their staff earn to make it easier for women to challenge wage imbalances and close the gender pay gap.” - Washingtontimes.com
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BRUSSELS (AP) - The European Union executive wants to force employers to be much more open about how much their staff earn to make it easier for women to challenge wage imbalances and close the gender pay gap.
Even though the gender pay gap across the 27-nation bloc has been reduced to 14% for people doing exactly the same work, the European Commission wants to eliminate the disparity by imposing specific rules to make pay levels public.
“For equal pay, you need transparency. Women must know whether their employers treat them fairly,” said EU Commission President Ursula von der Leyen.
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Since its inception in 1957, the European Union has sought to end such gender bias, but progress has been slow over the decades. When it comes to pension rights, reflecting working conditions of the past 30 to 40 years, the gender gap still stands at 30%.
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