By Jeff Green and Bloomberg, December 2, 2020
Adobe joins Citigroup, Starbucks and Mastercard in disclosing this kind of information, which measures the pay of women and men across all job classifications no matter their role in the company, said Arjuna Capital, which had pressured Adobe and a dozen other companies to disclose gender pay data. Based on this median-pay yardstick, the U.S. earnings gap of women to men is about 82%, according to the latest figures from the U.S. Bureau of Labor Statistics.
Companies have been more willing to disclose the wage gap for so-called equal work, which measures what men and women are paid for the same job. Median pay measures the distribution of jobs across society or at companies, showing that men tend to be in the higher-paying jobs and women tend to be in jobs with lower pay. Median pay disclosures by companies have been mandated in the U.K. since 2018 and are increasingly required across Europe.
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