President Obama proposed on Friday that the government collect summary pay data each year from private companies with more than 100 employees.
This proposal comes on the seventh anniversary of the Lilly Ledbetter Fair Pay Act, which Obama signed in 2009. In 2014, the President signed an executive action on Equal Pay Day that mandated federal contractors to report salary data based on race and gender. Friday's proposal extended the request for data, covering a total of 63 million private employees. Marketplace's Kimberly Adams is reporting on how the administration's proposal will impact businesses.
Last year, the hashtag #talkpay was created by Lauren Voswinkel, a software engineer from Pittsburg, to publicly discuss how much people get paid in an effort to "eradicate pay inequality."
Following the administration's announcement, the hashtag resurfaced, promoting conversation about public sharing of salaries.
We wanted to know how our audience feels about sharing their salary:
Talking abt gender pay news now @Marketplace morning meeting. Disclosure, etc. So...would you tell us how much you get paid? On Twitter?— Kai Ryssdal (@kairyssdal) January 29, 2016