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Read the article. It's clear why the politicians enacted this law though it's practically not enforceable. It's precisely because it can be selectively enforced and used as leverage when the need arises. I wouldn't be surprised if this was just another way to leverage campaign donations from the big boys who they know are immune anyway.
Quote:
Less than 24 hours after New York City’s new pay transparency law went into effect on Nov. 1, companies had already found a way to circumvent its core requirement.
Rather than giving the public an inside glimpse of what employees all over the city were earning, many companies opted to post overly broad salary ranges, making it impossible to extrapolate anything at all about workers’ salaries.
Salaries for New York City-based tech jobs at Amazon were listed by the company at a range of $88,400-$185,000 per year. International consulting firm Deloitte, one of the city’s largest employers, listed salary ranges between $86,800 and $161,200. Postings on The Wall Street Journal sought reporters and producers with years of experience but listed salary ranges between $40,000-$160,000. Citigroup’s postings, however, took the cake – listing multiple job openings with a range between $0-$2 million.
A spokesperson for Citigroup later clarified that the eye-popping posting had been caused by a computer glitch. The revised entry showed a salary range between $59,340.00 and $149,320.00.
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