Unequal pay’s lasting legacy: Lost income from your 1st day at work until the day you die

Equal Pay Social Security

It’s certainly not news that American women continue to earn less than men for the same work, typically 79 cents on the dollar. But what’s less understood is the devastating impact those lost wages have over time. In fact, over a working woman’s career, that pay gap could accumulate to a half million dollars in lost income and even more for women of color. A comprehensive analysis of gender pay inequality, released by the Joint Economic Committee’s Democratic staff, shows how the gender pay gap grows over time. It’s not just an issue for working women because this inequality can also have a compounding and devastating impact on retired women.

Yesterday was ‪#‎EqualPay‬ Day. Today, millions of women went to work and were paid less for it than their male counterparts. At the current rate of change, it will take 40 years to close the gender pay gap. That’s simply not an option for generations of American women who will continue to face the consequences of income inequality from their very first day on the job until they die. Here are four steps Congress can take to make a difference now.

Read more: Huffington Post »

This entry was posted in Equal Pay on by .

About waworkfam

The Washington Work and Family Coalition includes representatives of seniors, women, labor, health professionals, children’s advocates, faith communities, low income workers, employers, non-profits and other organizations. We’re working together to make it easier for parents to raise healthy children and care for aging parents; for workers to care for themselves or their partners in the event of a serious illness; and for businesses to offer modern workplace standards that improve productivity and worker health.

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