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.
This Equal Pay Day it is time to take decisive action to close the wage gap that still exists between women and men. Why is Equal Pay Day marked every April? Because currently a woman has to work a year and three months into the next year just to earn what a man earns in one year.
- Rep. Jan Schakowsky via Huffington Post.
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.
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.
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.
The gender pay gap is a hot topic these days, but it’s not the only economic gender gap. Women also are lagging behind men in building retirement security.
Lower pay translates into a gap for women in retirement security, reducing Social Security benefits, pensions, and retirement saving. At the same time, women enjoy greater longevity, which means resources often must be stretched over a longer retirement.
via Morning Star.
The gender pay gap is a hot topic these days, but it’s not the only economic gender gap. Women also are lagging behind men in building retirement security.
Lower pay translates into a gap for women in retirement security, reducing Social Security benefits, pensions, and retirement saving. At the same time, women enjoy greater longevity, which means resources often must be stretched over a longer retirement.
via Morning Star.
Gender inequality doesn’t end at the workplace. For many women, a pronounced gender gap haunts them through their retirement years.
We have a report, Breaking the Glass Ceiling, that focuses on women in the workforce.
The U.S. workforce looked very different in 1946, at the start of the Baby Boom generation, than it does today. A big part of this workforce transformation has been due to the contributions of women.
Retirement insecurity is a startling piece of the vast economic inequality puzzle facing women today. Women are paid $0.78 on the dollar that men are paid for the same amount of work, resulting in decreased Social Security payments and retirement benefits. More women than men take time from their jobs to give birth, raise children and care for family members – leading to lower overall lifetime savings.
via Salon.
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.
