NYC’s New Legislation on Wage Equity

In 2024, New York City passed new legislation aimed at closing wage gaps, particularly focusing on gender and racial disparities. This law requires companies to disclose salary ranges for job postings and bans salary history inquiries during hiring.

The initiative is part of a broader push for pay equity, aiming to level the playing field in the job market. It’s expected to encourage transparency and potentially reduce the gender pay gap within the city.

This law could be a catalyst for similar legislation across the country.

NYC’s 2024 wage equity legislation is a step towards fairer compensation practices.