California law forces most companies to provide salary info in job ads

California companies with more than 15 employees will be required to list salary ranges for jobs and make that information available to existing employees thanks to a new law signed last week by Gov. Gavin Newsom (D).

The law represents a major win in the growing push for pay transparency, which experts say is a critical lever for countering the wage gap. In California, women lose $87 billion to the pay gap each year, according to Newsom’s office.