A new Congressional report commissioned by Joint Economic Committee shows the so-called gender wage gap hasn't improved since last year. The average woman earns only 80 percent of what a man earns. This means that for every $5 a man makes, a woman earns less than $4.And that’s if you are white. Women of color face even larger wage gaps. Compared to white men, African-American women are paid 62 cents on the dollar and Latinas are paid 54 cents on the dollar. Also, according to the National Women’s Law Center, women at all education levels experience a wage gap and are often paid lower than their male coworkers despite having a higher degree.
Compared to white men, African-American women are paid 62 cents on the dollar and Latinas are paid 54 cents on the dollar.
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The consequences do not only affect women’s bank accounts and the families that depend on them, but the whole of the U.S. economy. Recent estimates by WEF suggest that economic gender parity could add an additional $1,750 billion to that of the U.S.So here are some of the factors that contribute to the gender wage gap, and what you can do about it in 2018.
Equal Rights Amendment
Equal Pay for Equal Work
Unfortunately, the Trump administration blocked an initiative that would have required large companies to report to the government what they pay employees by race and gender — an Obama-era policy that aimed to close the gender pay gap.
Economic gender parity could add an additional $1,750 billion to that of the U.S.