Major companies ask Colorado residents not to apply for remote positions

Major companies have said in recent job postings that Colorado residents are ineligible to apply for certain remote positions because a new state law requires businesses to disclose the expected salary or pay range for positions, according to the Wall Street Journal.

Why it matters: The law, which went into effect in January, is meant to help close the gender wage gap and to promote wage transparency for employees, but companies have said Coloradans need not apply to avoid disclosing the information.

The big picture: Businesses have argued that the wage disclosure law is overly burdensome for employers, while the state's labor department is investigating complaints of postings excluding Coloradans.

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