We support strengthening and reforming the Equal Pay Act by putting an end to pay secrecy, strengthening workers’ ability to challenge discrimination and bringing equal pay law into line with other civil rights laws.
via NCPSSM.
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It’s been more than 50 years since our nation acknowledged and attempted to address, with passage of the Equal Pay Act, the gender wage gap which unfairly targets half of our population with billions in lost wages. Yet, at the current rate of change, it will take another 40 years to close that gap.
via Entitled to Know.
This legislation aims to prevent wage discrimination from happening in the first place and help women and their families secure the paychecks they have earned.
Notably, the economic inequalities faced by women continue to threaten their retirement security because they have generally worked for lower wages due to persistent gender wage discrimination, leading to a smaller Social Security benefit. While Congress passed the “Equal Pay Act” in 1963 to address gender wage discrimination, women continue to make only 80 cents on the dollar compared to men.
Read more from our endorsement letter by clicking here.
Gender Pay Equity. Eliminating the wage gap that limits women’s earnings is essential to helping our daughters and granddaughters save for their own retirement. Congress should strengthen and reform the “Equal Pay Act” by putting an end to pay secrecy, strengthening workers’ ability to challenge discrimination and bringing equal pay law into line with other civil rights laws.
via Entitled to Know.
While the U.S. has made strides toward reducing the gender wage gap over the decades, new research today shows just how far there is to go.
via Bloomberg.
Related Reading:
The gender wage gap has improved quite a bit since women started entering the workforce in large numbers. Women who work full time and year-round earned just 58 percent of what men earned annually in 1968; now that ratio is about 79 percent.
via VOX.
Related Reading:
- Women and Retirement Savings Gap.
- Women are also more likely to spend time out of the workforce entirely to raise their children or provide care to elderly parents. In 2014, 43 percent of women were out of the workforce compared with 31 percent of men.
The gender wage gap hasn’t budged in 9 years:
The average woman who had a full-time, year-round job in 2015 made just 80 percent of what a man did, according to the latest data from the Census Bureau. That’s up from last year’s 79 percent, but the increase is not statistically significant. The wage gap hasn’t closed significantly since 2007.
via Think Progress.
Related Reading:
- Women and Retirement Savings Gap.
- Women are also more likely to spend time out of the workforce
entirely to raise their children or provide care to elderly parents. In
2014, 43 percent of women were out of the workforce compared with 31
percent of men.
A major research report out Thursday from the Economic Policy Institute (EPI) aims to inform the national discussion about workplace policies with a new analysis showing the gender wage gap is real.
“We’re basically saying we’ve measured it a lot of different ways, and it exists, and it’s real, and unfortunately it has not gone away,” said Elise Gould, an economist with the nonpartisan Washington, D.C.-based think tank EPI, in a phone interview with Rewire.
via Rewire.
Related Reading:
On average, women outlive men by five years – forcing them to stretch their retirement dollars over a longer span of time. That’s one reason why 11% of senior women live in poverty – an unacceptable number in the wealthiest country on earth.
Nearly 10,000 people graduated with MBAs from University of Chicago’s Booth School of Business between 1990 and 2006.
In 2009, three economists decided to study a quarter of those graduates. They asked a detailed set of questions about the jobs they’d held since graduation, how many hours they worked, where they worked, and what they had earned each year.
via VOX.
Related Reading:
Seniors went to Capitol Hill earlier this month to tell Congress why their current #SocialSecurity benefits are inadequate. Boost Social Security Now! https://www.ncpssm.org/campaigns/boost-social-security-now/ @RepJohnLarson