Tags: new york city pay transparency law | raise

NYC Pay Transparency Law Could Lead to Pay Raises Nationwide

NYC Pay Transparency Law Could Lead to Pay Raises Nationwide
(Dreamstime)

By    |   Monday, 24 October 2022 02:52 PM EDT

New York City’s pay transparency law, which takes effect Nov. 1, is likely to spur workers across the country to seek raises, the New York Post reports.

The pandemic prompted many companies to hire remote workers, including those in New York. Now any job in New York or that could conceivably be conducted remotely in New York could be subject to the law. In addition, Colorado, Nevada and Connecticut passed salary range laws in 2021, and California and Washington are expected to do the same in the coming months.

In an effort to give job seekers pay transparency and to lead to more equitable pay, companies in New York will need to include the minimum and maximum pay in job listings.

The revelations are likely to embolden more workers to seek better pay, even if it means “tricky” conversations with their bosses, says Eli Freedberg, a partner with employment law firm Littler Mendelson.

“When a current employee sees a new salary posted, and they’re at the low end of the range, that’s going to raise some uncomfortable questions,” Freedberg says. “This is going to have a tangible result in inflating wages of current employees.”

Some consultants, including Brian Kopp, a managing director with Accenture, think that even in markets where the cost of living is lower than major cities, workers who pick up on ads for positions similar to their own that pay more, and raise the thorny issue with their superiors.

Hourly wages, which are typically in a narrow band of between $15 and $22, are not expected to be as impacted as white-collar earnings.

© 2026 Newsmax Finance. All rights reserved.


StreetTalk
New York City's pay transparency law, which takes effect Nov. 1, is likely to spur workers across the country to seek pay raises, the New York Post reports.
new york city pay transparency law, raise
268
2022-52-24
Monday, 24 October 2022 02:52 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved