Business
Twitter Bot Highlights Gender Pay Gap One Company at a Time
Every Worldwide Ladies’s Day, photographs of smiling girls seem in a gradual stream on social media alongside testimonials from manufacturers keen to indicate their help for gender equality.
This week, nevertheless, the stream was disrupted by a Twitter account that spat again pay hole information of corporations, colleges and nonprofits.
The account, @PayGapApp, targets corporations in Britain, the place the general public has entry to mountains of information about employers’ pay disparities and males working full time earned 7.9 p.c greater than girls as of April 2021.
Every time a college or hospital in Britain promoted Worldwide Ladies’s Day on Twitter this week with sure key phrases or hashtags, together with #IWD and #BreakTheBias, the pay hole account mechanically retweeted the message with a observe about how the median hourly pay for ladies employed on the group in contrast with that of males.
Francesca Lawson, a copywriter and social media supervisor in Manchester, England, created the automated account, or bot, along with her accomplice, Ali Fensome, a software program guide.
“The bot exists with a purpose to empower workers and members of the general public to carry these corporations to account for his or her function in perpetuating inequalities,” stated Ms. Lawson, 27. “It’s no good saying how a lot you empower girls you probably have a stinking pay hole.”
Since 2018, the British authorities has required corporations with 250 or extra workers to report wage variations between women and men every year. The stories can be found to the general public on a searchable authorities web site.
Ms. Lawson stated she created the Twitter account so the general public may retrieve this data extra simply. “For it to have affect, individuals want to have the ability to discover it,” Ms. Lawson stated.
On Wednesday, the day after Worldwide Ladies’s Day, the pay hole account had greater than 205,000 followers. Some organizations had deleted tweets that the pay hole account had highlighted, whereas others responded with their plans to deal with the pay hole.
English Heritage, a charity that manages historic websites reminiscent of Stonehenge, responded to a observe that its girls staff have been paid 3.9 p.c lower than males with a hyperlink to its report on the information, from April 2020.
“Since then, we’ve been working onerous to cut back our pay hole & it’s closing,” English Heritage stated on Twitter. “However no matter its dimension, a spot continues to be a spot and the charity is dedicated to eliminating it.”
The pay hole account highlights median hourly pay information, however corporations in Britain are additionally required to offer data on gaps in common bonuses. Some corporations additionally voluntarily present extra information and context of their stories.
Australia and Germany have additionally ordered corporations to report on their pay gaps, however there was no comparable requirement for companies in america, the place girls’s annual earnings have been 82.3 p.c of males’s in 2020, based on the Bureau of Labor Statistics. The hole is even wider for Black and Hispanic girls.
Ms. Lawson stated she hoped the recognition of her account would present that there was demand for extra information like this. “I might hope that different governments would wish to begin making reporting that information obligatory because of this,” she stated.
The couple first created the account the weekend earlier than Worldwide Ladies’s Day in 2021 and used it as a check run to see what labored and what didn’t. Now, they’re making an attempt to determine learn how to greatest use the eye the account has generated to advertise different points associated to inequality. Ms. Lawson stated she wish to see some copycat efforts.
“The extra people who find themselves doing this work,” she stated, “then the less locations there are for corporations to cover.”
Business
Visa, Google, JetBlue: A Guide to a New Era of Antitrust Action
President Biden’s top antitrust enforcers have promised to sue monopolies and block big mergers — a cornerstone of the administration’s economic agenda to restore competition to the economy.
Below are 15 major cases brought by the Justice Department and Federal Trade Commission since late 2020 (including cases against Google and Meta initially filed during the Trump administration just before Mr. Biden took office).
The government has won several but not all the cases. And with only a few months remaining for the current administration, the number of suits is climbing, as regulators go after dominant companies in tech, pharmaceuticals, finance and even groceries.
Business
Video: The U.S. Is Mining for Uranium
new video loaded: The U.S. Is Mining for Uranium
September 23, 2024
Miners at Pinyon Plain uranium mine, Arizona.
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Business
Video: Federal Reserve Cuts Interest Rates for the First Time in Four Years
new video loaded: Federal Reserve Cuts Interest Rates for the First Time in Four Years
transcript
transcript
Federal Reserve Cuts Interest Rates for the First Time in Four Years
Jerome H. Powell, the Fed chair, said that the central bank would take future interest rate cuts “meeting by meeting” after lowering rates by a half percentage point, an unusually large move.
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Today, the Federal Open Market Committee decided to reduce the degree of policy restraint by lowering our policy interest rate by a half percentage point. Our patient approach over the past year has paid dividends. Inflation is now much closer to our objective, and we have gained greater confidence that inflation is moving sustainably toward 2 percent. We’re going to take it meeting by meeting. As I mentioned, there’s no sense that the committee feels it’s in a rush to do this. We made a good, strong start to this, and that’s really, frankly, a sign of our confidence — confidence that inflation is coming down.
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