Latest Income disparity News

Supreme Court declines to hear Equal Pay Act case

Jul. 2, 2020 9:56 AM EDT

WASHINGTON (AP) — The Supreme Court is leaving in place a decision that employers can't use past salary history to justify a pay disparity between male and female employees. The court on Thursday declined to take up a case from the California-based U.S. Court of Appeals for the Ninth Circuit. Judges there...

European Commissioner for the Economy Paolo Gentiloni speaks during a media conference on the 2020 Eurostat report, progress toward sustainable development goals in the EU, at EU headquarters in Brussels, Monday, June 22, 2020. (Yves Herman, Pool Photo via AP)

EU lagging behind on climate, gender equality goals

Jun. 22, 2020 7:41 AM EDT

BRUSSELS (AP) — The European Union's statistical office says the 27-nation bloc is lagging behind its goals in the fight against climate change and to promote gender equality. In a report published Monday assessing the EU's progress in reaching the United Nations' sustainable development goals, Eurostat...

Democratic State Sen. Mary Kay Papen, of Doña Ana County, speaks during a meeting of the state Senate Saturday, June 20, 2020, in Santa Fe, N.M.  State legislators convened for a special session to redo the budget following the economic fallout from the COVID-19 pandemic. (AP Photo/Cedar Attanasio)

Legislature sends solvency plan to New Mexico governor

Jun. 20, 2020 11:21 PM EDT

SANTA FE, N.M. (AP) — New Mexico’s Legislature on Saturday sent a budget solvency plan to the governor that would mend a multibillion-dollar deficit by scaling back spending increases while tapping federal recovery act money and state financial reserves. State government finances are reeling from...

FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington.   The Federal Reserve says it will keep buying bonds, Wednesday, June 10,  to maintain low borrowing rates and support the U.S. economy in the midst of a recession. And it says nearly all the Fed’s policymakers foresee no rate hike through 2022. .(AP Photo/Jacquelyn Martin, File)

Powell: A stronger job market is key to combating inequality

Jun. 17, 2020 3:02 PM EDT

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell stressed Wednesday that the federal government's role in strengthening the U.S. market in the face of a recession is vital in preventing a worsening of economic inequality. Powell said the the Fed would continue to deploy all its financial tools to...

Two covers of Bon Appetit magazine are shown in this photo, in New York, Wednesday, June 10, 2020. The staff at Bon Appetit, whose top editor resigned after a revolt by the journalists there after an offensive photo of him circulated online amid longstanding issues over treatment of people of color, said in a statement Wednesday, June 10,  that

Bon Appetit says magazine 'too white,' promises big changes

Jun. 10, 2020 3:24 PM EDT

Bon Appetit, whose top editor resigned Monday after a staff revolt over an offensive photo and longstanding issues involving treatment of people of color, said Wednesday that “our mastheads have been far too white for far too long” and promised major changes at the magazine. The announcement came...

This photo combo shows from left,  General Motors Chairman and Chief Executive Officer Mary Barra, David M. Zaslav, President and Chief Executive Officer of Discovery Communications, Lisa Su, president and CEO of AMD, Walt Disney Company Chairman and CEO Robert A. Iger and Netflix Founder and CEO Reed Hastings. The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million in 2019, and the gap between the boss and their workforces widened further, according to AP’s annual survey of executive compensation.  (AP Photo/File)

CEO pay has topped $12.3M. Can it keep rising post-pandemic?

May. 27, 2020 1:30 PM EDT

The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million last year, and the gap between the boss and their workforces widened further, according to AP’s annual survey of executive compensation. Median pay for CEOs in the survey climbed 4.1% last year. For the typical worker at...