The goal of equal pay, to ensure fairness in compensation, established in the mid-twentieth century has remained elusive. Today, women in the United States still earn 79 cents on the dollar. The lack of pay transparency prevents market forces from providing equal compensation for substantially similar work and permits discrimination to occur. The Equal Pay Act of 1963 (EPA) provides a litigation remedy to compensate victims of discrimination but this remedy, although initially successful in reducing the gap, has failed to close the divide. Instead of amending the EPA, an alternate solution to address this market failure includes mandatory pay audits and required pay transparency with government oversight.
"Mandatory Pay Transparency and Internal Wage Audits: Governmental Oversight to Bridge the Gender Pay Divide,"
Paideia: Vol. 4
, Article 9.
Available at: https://digitalcommons.calpoly.edu/paideia/vol4/iss1/9