This is an IHeart podcast.

In our new podcast, Everybody's Business, we talk about the business news that concerns everybody.

From Bloomberg Business Week, I'm Stacey Vanek-Smith.

And I'm Max Chaffkin.

Each week, we unpack what is happening on Main Street and Wall Street, all the streets.

WrestleMania has taken over the U.S. economy.

A poetry that executives write on LinkedIn.

A little actual magic in our underrated story of the week.

The single grades marketing campaign, the music business has ever seen.

I decided to ask people how they felt about the penny going away.

Listen to everybody's business wherever you get your podcasts.

I have a question for you, Claire.

If a company knows it has a pay gap and it wants to fix it, why not just pay women more?

I mean, it makes sense to me, but it's not actually that easy.

In the short term, it works, but as a permanent solution, not really.

Take Salesforce, for example, the big San Francisco software company.

They tried it, and they're still working on it. The process started

in 2015 when they decided to do an audit to find out if they even had a pay gap. That first

year, they kept it pretty simple. They looked only at base salaries, people with the same job

type, broken down by gender. They found that 6% of Salesforce's employees were being underpaid for no apparent reason.

It wasn't because they were working fewer hours or didn't have a lot of experience.

They were comparing software developers to software developers, receptionists to receptionists.

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