EEOC will no longer collecting wage data to stop discrimination

EEOC Is Abdicating Its Responsibility to Stop Discrimination in the Workplace By No Longer Collecting Wage Data, Moms Leader Says

EEOC

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Statement from Kristin Rowe-Finkbeiner, executive director and CEO of MomsRising, an online and on-the-ground organization of more than one million mothers and their families, on the news that the Equal Employment Opportunity Commission (EEOC) will no longer collect data that could shed light on the gender- and race-based wage gap:

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“It is absolutely disgraceful that the Equal Employment Opportunity Commission (EEOC) will no longer require large companies to report employee wages broken down by gender and race. Gathering this data is essential to understanding and closing the gender- and race-based wage gap that is harming women – and especially women of color, moms, and moms of color – and punishing families in this country.

“The wage gap is a stain on our nation’s commitment to fairness, a root cause of poverty, and a problem we urgently need to understand and address.

"Especially on the heels of the Census Bureau data released earlier this week, which showed no real progress in closing the wage gap, the EEOC should be trying to learn more about its causes and consequences. The EEOC’s announcement yesterday is an abdication of its core responsibility and a disturbing indication that the Trump administration sanctions discrimination in the workplace. The country will suffer as a result.”


MomsRising.org is an on-the-ground and online grassroots organization of more than a million people who are working to increase family economic security www.MomsRising.org



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Jacob Wolinsky
Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Prior to ValueWalk, Jacob was VP of Business Development at SumZero. Prior to SumZero, Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver