Research shows that increased pay transparency could result in lower wage growth and a potential decrease in worker bargaining power.

More than 5 states have enacted salary transparency laws, and at least 15 states are considering it.

Pay transparency is a relatively new legal phenomenon, so studies on its impact are limited. However, this article details a few early studies that suggest pay transparency legislation could help decrease the gender pay gap, increase labor participation rates, and reduce employer recruiting costs. Learn more here.

Generally speaking, pay transparency occurs when an employer provides compensation information.

Generally speaking, pay transparency occurs when an employer provides compensation information. But that idea can take many different forms in different states with different pay transparency laws depending on what each specific law dictates. To learn about more pay transparency basics like the ones above, read this article.

One of the driving forces behind an increase in pay transparency laws is their ability to help close the gender pay gap.

Since 2018, pay transparency laws have been enacted in more than a few states and cities across the US. But what's driving the trend, from a legal perspective? This law review article attempts to answer that question, citing factors such as the Great Recession and the gender pay gap—click here to learn more.

Read a breakdown of the pros and cons of pay transparency.

While the benefits of pay transparency may seem plentiful to some, there are a few less obvious downsides. For instance, some argue companies that implement pay transparency could end up hiring fewer people or pitting employees against each other. For a full list of perceived pros and cons of pay transparency, click here.

Pay transparency advocates claim that increased awareness about how much coworkers are being paid helps stop speculative judgments about other team members' pay based on faulty data points, like what type of car a coworker drives.

The star of this Harvard Business Review video interviews experts—from an organizational psychologist and business professor to a TikToker who asks people how much money they make—to get to the bottom of core issues about pay transparency. Why is talking about money becoming less taboo? How do pay transparency laws impact workers, employers, and office culture? Watch this video to find out.

The impact of knowing your coworker’s salary

In 2025, five more states enacted pay transparency laws, requiring employers to disclose salaries in job postings. The goal? Reduce wage gaps and promote fairness. But despite these laws, 42% of job listings still hide pay details.

In 2021, Colorado became the first state in the US to require companies to publicly disclose salary ranges on job postings.

In 2021, Colorado became the first state in the US to require public disclosures of salary ranges. Flash forward a few years, and other places in America would get salary transparency laws, too, like Washington state, New York City, and California. But the salary transparency movement might have a downside: Some researchers believe it could hurt wage growth for workers over time. Watch this video to learn more.

Read about potential changes to pay transparency laws at the federal level, as well as key aspects of states' transparency laws.

While many US states have pay transparency laws, no similar legislation has been passed at a federal level. However, the Salary Transparency Act was introduced in Congress in March 2023. For details about what that legislation would mandate and its status in the US House and Senate, click here.

Despite being completely legal to discuss salaries with your coworkers, the practice largely remains taboo in the US, particularly amongst older workers.

Pay transparency—once considered taboo—is gaining momentum. Despite being legally protected since 1935, open salary discussions have only recently become more common, especially among younger workers. This overview explores how cultural norms, economic shifts, and new state laws are reshaping the conversation around what we earn.

Read a breakdown of each state's pay transparency laws.

Pay transparency laws in the US are evolving quickly, as some states introduce them for the first time and others update existing legislation. This resource has an updated list of key pay transparency legislation in states across the country, as well as general explainers about what each of those laws dictate. Check it out here.

Listen to a pay transparency expert breakdown what she's learned about negotiating a higher salary.

Maybe you've seen one of Hannah Williams' videos on social media. On her viral "Salary Transparent Street" accounts, Williams stands on the street with a microphone and asks passersby to tell her how much money they make per year. This podcast interview with Williams details what she's learned about pay transparency in the process. Listen to it here.

Read a profile about a company that makes everyone's salaries public knowledge in an effort to curb the gender pay gap.

At social media management platform Buffer, employees have been able to see each other's salaries since the year 2013. This article explains how Buffer's decision to make these numbers public has impacted the social media company's workplace culture, internal wage growth, and more. Read the article here.

Nearly 42% of Gen Z workers have shared their salary with a coworker, compared to just 19% of Baby Boomers.

While some Gen Zers and millennials are becoming increasingly comfortable with talking about their salaries or hourly wages with one another, older generations often have a tough time understanding why. This article explains why the culture around talking about money has changed slightly over the last few years. Read it here.

Should companies be owned by their workers?

In the last half-century, so-called private equity has transformed industries by purchasing private companies, cutting costs, loading up debt, and then selling the business at a premium—all at a huge profit to the investors. Workers, on the other hand, are often left with nothing. Listen to how both pro-worker economists and a private equity stalwart are trying to shift ownership to workers—a growing tactic proven to improve worker satisfaction and company value.

American CEOs getting super rich has a lot to do with stock buybacks

In 1965, the pay gap between American CEOs and their workers was roughly 15-to-1. But by 2018, that ratio had ballooned to 220-to-1.

Some argue that restricting illegal immigration would raise wages for lower-income American workers

The Heritage Foundation argues that illegal immigrants' willingness to work for below-market wages suppresses wages for low-skilled American workers—and that reducing illegal immigration would increase wages and job opportunities, particularly for workers without a college degree.

There's a widespread taboo around talking about money in the US, but that taboo is widely different across the lower and upper classes, as well as amongst different races.

In the United States, asking someone how much money they make (or any questions about money, really) has long been considered rude. But where did this social norm come from originally? And why do Americans still feel so awkward talking about money? This article from The Atlantic takes a deep dive into the socioeconomic forces that created the money taboo. Read the full piece here.

Does minimum wage hurt workers?

Many economists traditionally believed raising the minimum wage hurt workers more than helped them. They argued that doing so would lead to job losses believing that if something is more expensive (like labor), people (like business owners) would want to buy less of it. However, recent research suggests otherwise.

Private equity deals sometimes come with layoffs

To increase profits, private equity firms often try to streamline and consolidate operations within the companies they acquire as much as possible. They also often alter company business models, expanding into new product offerings and markets that could necessitate team changes.

Technological advancements are historically deflationary

Technological innovation can drive down costs and prices for businesses, which can increase real wages for employees. As a result, people have more money to spend and demand increases.

Federal law requires payday lenders to meet certain transparency requirements, but states have their own regulations

Federal law treats payday lending like other lines of credit, meaning it requires lenders to disclose the loan's interest rate and its "finance charge," a dollar amount expressing the full cost of the loan. But states have their own regulations around payday lending, hence why it isn't allowed in every state and why the industry looks so different across the country. These regulations are often part of a state's usury laws.

Part of the reason why American teachers aren't paid well has to do with gender

In the US, the wage gap between teachers and others with the same level of education and experience was nearly 20% as of 2021, per CNBC. That's partly because teaching was originally branded as a woman's profession.

On average, CEOs at top US companies make 281 times as much as the average worker—partly due to valuable stock options that are frequently included in executive compensation packages.

Pros and cons of unions

While unions require fees and can make promoting high-performing workers and letting go of lower-performing ones more difficult in some workplaces, they have their positive aspects too. Labor unions tend to increase pay and benefits for employees, for instance.

Study shows H-1B visas depress wages and reduce consumer tech costs

A paper from the National Bureau of Economic Research found that without H-1B workers, American computer scientists would earn 2.6% to 5.1% more and domestic employment could rise by 11%, but consumers would pay more for advanced technology, and output would decrease.

Pros and cons of minimum wage

The federal minimum wage hasn’t been raised since 2009. Over the past decade or so, proponents of significantly raising the minimum wage have argued that doing so could reduce reliance on government financial assistance programs and increase consumer spending. But opponents say higher labor costs could lead to job cuts.

The federal minimum wage in the US has been $7.25 per hour since 2009

While some argue that raising it is essential for reducing poverty, others fear it could lead to inflation and job cuts. The complexity deepens with states setting their own minimum wages—some even below the federal rate—leading to a patchwork of wage laws.

The average pay for family office executives has soared

As the number of family offices grows, they’re battling for top talent with traditional financial institutions by bulking up pay and incentive packages.

Explore an interactive chart that shows peoples' annual salaries by occupation

The median salary for full-time workers in the United States was roughly $49.5K in 2024. An interactive chart details how salaries differ by occupation.

Since its inception in 1938, Congress has raised the federal minimum wage 22 times

If you want all the details about when and why these rate increases happened check out this resource from the US Department of Labor.

Remote work offers a way for companies to save money on office space

Before the pandemic, real estate costs were between 3% to 9% of the typical S&P 500 company's budget (with the exception of companies in the energy industry). Eliminating some or all of a company's expensive office leases is one way that companies can save money by adopting work-from-home models. (Some users may experience a paywall.)

Payday lenders spent more than $5M on lobbying efforts in 2025

Payday lenders largely oppose rate cap policies, increased borrower risk-assessment requirements, and other regulations that would effectively shutter their industry. In 2025, the payday lending industry lobbied against interest rate limits on payday loan apps.

When your 9-to-5 becomes optional

You've seen the headlines. But what would actually happen if everyone's 9-to-5 became optional? We dug into the data. Traced automation philosophy back thousands of years. Examined what happened when elevator operators disappeared. Looked at Alaska's 40-year experiment paying every citizen. And investigated the Philippines, where 89% of call center jobs are now at risk. What we found was more positive than bleak. This video explores three questions: What does the data actually show? What does history tell us about this kind of disruption? And what happens when work becomes optional?

Supporters of payday loans say banning them would harm low-income Americans

Many argue for a federal policy that would cap interest rates for these loans, but payday lenders say that would make it impossible for them to make money, effectively forcing them to close up shop. As a result, some argue that the policy would prevent low-income, unbanked, and traditionally high-risk borrowers from accessing credit when they need it. (Some users may experience a paywall.)

What something costs is reflective of a balance in the market determined by the amount of demand relative to the supply of goods and services

Because economies are complex systems, a wide variety of issues influence this balance—including some things generally considered to be positive, like rising wages.

Private equity firms can be 'powerful partners' or 'formidable competitors'

Under the best circumstances, PE firms can increase a company's value using strategies that might not be suitable for public companies facing pressure for immediate shareholder returns. But PE firms are often portrayed negatively due to the aggressive strategies they sometimes use to cut inefficiencies. As PE has grown, many firms have changed their strategies, shifting away from aggressive scaling to more integrated acquisitions.

The average salary for full-time gig workers is roughly $60K a year in the US

High-earners can make more than six figures, while close to 15% make less than the federal minimum hour wage. Most gig workers in the United States still have to file a tax return every year.