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|Wed, 04-11-2012 - 4:18pm|
I was just reading an article from Huffington Post about the wage inequality in the US:
Women have made important and major strides in opportunity, work force engagement and pay in the past half century, but next week's April 17 Equal Pay Day exists for an enduring and legitimate reason. This day symbolically marks how far into the year a woman has to work to make what a man made during the prior calendar year. Yup. That means Jane has to keep working through January, February, March and half of April 2012 in order to bring home the same paycheck that John did in calendar year 2011. Since the Equal Pay Act of 1963, the gap between men's and women's pay (calculated for full-time work) has closed at less than half-a-cent per year. At this rate, we will be "celebrating" this event for fifty more years before the gap closes.
You've heard the statistics: The median annual earnings for working (full-time) white women is 77 cents to a man's dollar. For women of color, the gap and its effects are even greater: African-American women earn 61 cents to the male dollar and Latina women earn 53 cents. Controlling for factors like education, experience, job type and more reveals that fully one-quarter to one-half of the gap is attributable to unexplained causes. Women now make up more than half of the U.S. workforce -- this gap affects hundreds of millions of people and families.
If you would like to read the complete article, here is the link: http://www.huffingtonpost.com/soraya-chemaly/wage-equality_b_1415560.html?ref=women
What do you think of the article? Do you think there is a real problem with gender pay gaps, is it something you've experienced?