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Equal Pay Day
EQUAL PAY DAY
Today is Equal Pay Day. It's somewhat ironic that Equal Pay Day falls on Tax Day. Women and men share the responsibility of paying taxes, but there is no sharing when it comes to receiving equal pay for comparable work.
Since President Kennedy signed the Equal Pay Act in 1963, the gap between men and women's earnings has narrowed by less than a half-cent per year. Some might attribute this disparity to different career choices, but the truth is that the wage gap exists in every sector in the economy. In fact, women doctors earn 63 cents for every dollar earned by their male counterparts while female attorneys take home 78 cents for every dollar earned by male attorneys.
Over a lifetime of full-time work (47 years) the gap amounts to lost wages for women of between $700,000 and $2 million depending on education level. These real losses affect not only women, but they impact millions of children in households across America that depend on working moms.
Ending the wage gap will be an investment in our country's well-being
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