Forbes: On Women’s Equality Day, How To Fight The Gender Pay Gap
By Liz Frazier
Women’s Equality Day celebrates the passage of the 19th Amendment, giving women the right to vote. The progress we’ve made over the past century is clear; more women are running for office, we make up nearly half of the work force and are more likely than our male counterparts to attend college and earn professional degrees.
So how is it then, after almost 100 years of progress towards equality, are women still only making 81% of what men are making? Weekly earnings dating back to 1979 show a gender pay gap, when women earned 62% of what men earned. In 2018, women’s median earnings were 81% of men’s. While the gap has narrowed, progress has virtually stalled for the past 13 years, hovering around 80-83% . (US Bureau of Labor Statistics).
To find a solution to this problem, we first need to understand the root. The pay gap has been attributed to multiple factors, such as: women are more likely to leave the workforce to care for their families or having to do with education. A study conducted by The Ascent, a division of The Motley Fool, took a deeper look into some of these commonly given reasons for the gender pay disparity.
Read the full article on Forbes.com.
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