President Obama Announces "New Rules" for Closing Equal Pay Gap
You gotta hand it to our Commander-in-Chief, President Barack Obama, because he is using his last year in office to benefit humanity greatly.
The White House just announced hours ago an executive action requiring companies with 100 employees or more to report to the federal government just how much they are paying by gender, race and ethnicity.
The official word took place at an event marking the seventh anniversary of the Lilly Ledbetter Fair Pay Act, which was the first piece of legislation that President Obama signed after becoming head of the free nation. For those who decided to snore through politics 101, the Lilly Ledbetter Act enabled workers to sue employers for pay discrimination and loosened the statute of limitations.
“While we’ve got a lot to celebrate we knew that our work wasn’t done,” President Obama said at the White House today. “We knew we had a lot more to do to close the pay gap between men and women and ensure that no women would ever face the kind of discrimination that Lilly faced on the job.”
The “new rule,” which went through much to possible chagrin of Donald J. Trump and company, will require employees to submit salary information to the Equal Employment Opportunity Commission that currently deals with such matters. “The notion that somehow we would be keeping my daughters… or any of your daughter’s out of opportunity, not allowing them to thrive in every field … it’s counterproductive,” Obama said. “That’s not how we’re gonna build a bright future for our country.”
EEOC Chair Jenny Yang told reporters Thursday that the rule should be completed by 2016, with the first reports due September 2017. As of today, the United States gender wage gape is 2.5 percentage points greater than other industrialized countries, while a woman working full-time for a full-year earns 21 percent less than her male counterpart.
Cheers to President Obama and his administration for taking the continued step in the right direction and getting the job done!
H/T: NBC News