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This question is about salaries.
Pay equity is generally known as equal pay for equal work, regardless of a worker's gender, age, race, religion, culture, disabilities, or if they are part of a minority group.
In addition to wages and salaries, pay equity also includes benefits, bonuses, overtime, and career advancement opportunities.
It is an umbrella term that refers to fair and equal compensation, but the term can also be used in the context of discussing systemic issues, social norms and biases, and educational opportunities for certain demographic groups.

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