Money Matters
Edging toward equal: closer, but no cigar
The Equal Pay Act, intended to eliminate the gender gap in pay, hit a milestone June 10th: the big 5-0. Yet decades after it was signed into law, women still earn 82 cents to men's dollar. The Wall Street Journal points out that while men are more likely to go into high-paying science and tech jobs, that's not enough to make up the difference: A woman still earns seven percent less than a man with an identical education and career. Part of the problem lies in base pay, which is often smaller for women, as subsequent raises are all made in proportion to that starting wage. Experts say that secrecy about pay in the workplace, where discussion of wages is often taboo, helps preserve unequal pay by keeping employees ignorant of the gap.
Read it at The Wall Street Journal
June 11, 2013 2:54 PM