“Parity” versus “Equity”: Why You Should Know the Diff, Bro

Some people I know are under the impression that pay “parity” and pay “equity” mean the same thing. They’re wrong, of course. Those two words are not synonyms. Here’s the definition of pay “parity”: par·i·ty 1 (pr-t) n. pl. par·i·ties 1. Equality, as in amount, status, or value. [Latin parere, to give birth, bring forth; […]

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