California passes law requiring companies to post salary ranges on job listings

California lawmakers on Tuesday passed legislation requiring all employers based or hiring in the state to post salary ranges on all job listings. The law will also require California-based companies with more than 100 employees to show their median gender and racial pay gaps — a first for a U.S. state.

The bill will head to Gov. Gavin Newsom, who has until Sept. 30 to sign or veto it. He hasn’t yet expressed a position and didn’t immediately respond to a request for comment. If he signs it, the law would affect some of the biggest U.S. companies, including Meta Platforms Inc., Alphabet Inc. and Walt Disney Co.

Read more at the Los Angeles Times.