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American capitalism needs equal-pay legislation. Canada is showing us how to make it work

Achieving the ideals of stakeholder capitalism requires a comprehensive restructuring of “the way things are.” Take, for instance, how companies value their employees—it’s not equitably. Must we repeat the tired fact that women earn only 82 cents for every dollar white men earn? And that for women of color, the pay gap is even worse, with Black women earning 62 cents and Latinas earning 54 cents on the white male dollar?

Doing right by all stakeholders means paying workers equitable wages. And that means business leaders must hardwire equity and inclusion into the value systems they use to determine employee pay. While this change won’t happen overnight, pay equity legislation can expedite the path forward. In turn, businesses can look forward to reaping the benefits of a more diverse, equitable, and inclusive workforce, and our economy can look forward to an accelerated recovery.

That’s why the U.S. needs to follow in the footsteps of countries such as Iceland, France, and Canada and adopt decisive pay equity legislation. We need infrastructure to bridge the gap between good intentions and tangible progress. Read more via Fortune

Pemo Theodore

Pemo is a Media Publisher & Event Producer. She is CoFounder/CEO Silicon Valley TV She is the Executive Producer of FinTech Silicon Valley & organizes Bay Area FinTech meetup: Silicon Valley FinTech meetup & Blockchain Music meetup with almost 3k members. She has produced Silicon Valley Events for Investors & Startups 7 years. She video interviews venture capitalists & angel investors & FinTech experts. She partners with videographers to cover San Francisco Bay area startup conferences & meetups with livestreaming, video & foto packages Silicon Valley TV She is based in Silicon Valley & has been involved in online business for 14 years. She has been in small business for 46 years in Ireland, London, Canada & Australia. She also published a free ebook (the findings of 1 year research from VCs, angels & women founders) “Why are Women Funded Less than Men? a crowdsourced conversation” She was TheNextWomen‘s most prolific contributor of 2011. Silicon Valley TV has been noted as a platform for supporting high growth women led companies in Huffington Post

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