Women have to work more than three extra months to earn what men earn in a year because, on average, they make 77 cents on the dollar compared to men’s earnings. Today, Equal Pay Day, marks the day women workers close the 2013 pay gap.
That 23 cents on the dollar pay gap adds up over time—$11,607 a year for women working full-time is more than $440,000 over a lifetime. Bridging the annual difference would make a huge impact on the lives and families of working women.
A new study by the National Partnership for Women and Families finds that if the gap were eliminated, women who work in California could buy 59 more weeks of food. Ohio’s working women could afford nine more months of mortgage and utilities payments. Working women in Georgia could afford 10 more months of rent. And women employed in Florida could afford 1,900-plus more gallons of gas.
National Partnership for Women and Families President Debra L. Ness says the analysis shows:
When women and their families lose thousands of dollars in critical income each year, they have significantly less money to spend on food, gas, rent and other basic necessities, and the consequences for their families and our state and national economies can be devastating.
AFL-CIO Secretary-Treasurer Elizabeth Shuler said, “The best pay equalizer is union membership, but most workers don’t have that advantage.” That’s why, she said, legislation such as the Paycheck Fairness Act is needed to help close the pay gap.
That bill, which the Senate could vote on today or Wednesday, would close loopholes and strengthen current equal pay laws, including strengthening penalties that courts may impose for equal pay violations and prohibit retaliation against workers who inquire about or disclose information about employers’ wage practices. The bill also would require employers to show pay disparity is truly related to job performance—not gender.
Most Republican members of Congress are opposed to the Paycheck Fairness Act. In 2012, they blocked a vote in the Senate on the legislation. However, in a 2014 nationwide survey, 62% of likely voters said they supported the Paycheck Fairness Act—83% of Democrats, 58% of independents and 44% of Republicans. And the majority of GOP women (51%) support the bill.
Click here for the National Partnership for Women and Families study that breaks down the wage gap by state and examines the even bigger wage gap in 20 states African American women and Latina workers face. Nationally, African American and Latina women are paid just 64 cents and just 54 cents, respectively, for every dollar paid to white, non-Hispanic men.