New York: Democratic presidential candidate Kamala Harris is unveiling a pay inequity proposal that aims to close the gender pay gap by holding corporations accountable when men are paid more than women. Harris’ plan would require companies to disclose pay policies while applying for a mandatory “Equal Pay Certification” from the Equal Employment Opportunity Commission.
Companies that fail to achieve certification would be fined 1 per cent of their profits for every 1 per cent wage gap they allow to persist for work of equal value. The US senator from California says USD 180 billion would be generated over 10 years, with fines decreasing over time as companies strengthen their equal pay practices.
