Sun. Apr 14th, 2024

From today’s CNN News:

March 12 marks Equal Pay Day in the United States, a symbolic date representing the number of days women have to work into the current year just to make the same amount of money men made in the prior one.

Put another way, to make 12 months’ worth of a man’s median wages, a woman has to work about 14.5 months.

In dollars and cents, for every dollar a man earns, a woman is paid 84 cents, according to the National Committee on Pay Equity and the Equal Pay Today campaign.

That’s based on earnings data for full-time, year-round workers from the US Census in 2022, which was the most recent full-year data set available. If part-time workers and those not employed year-round are included, the gender pay gap is worse, at 78 cents on the dollar, said Deborah Vagins, national campaign director of Equal Rights Advocates and director of Equal Pay Today.

The size of the actual wage gap between men and women will widen or narrow depending on age, level of education, choice of occupation and tenure, as well as race and ethnicity.

The gender pay gap is typically widest when comparing the earnings of White men to Black, Hispanic or Native American women.

And, generally speaking, the gap is narrower in a given job when men and women are in their early- to mid-20s (i.e., when they are new to the workforce and before children come along), and also when comparing wages by title, tenure and education level within a given field.

Read the complete story here.

By Editor