Why Equal Pay for Women Would Benefit the U.S. Economy

Business Woman Checking Her Phone

On common, ladies do now not get hold of identical pay for doing the same jobs men do. Not best must ladies acquire honest pay due to the fact they deserve it, but because it'd be precise for the U.S. economy. Consider this:  42 percentage of ladies are their families’ sole or primary supply of earnings and ladies make a contribution 43 percent of the gross country wide product.

Women Spend More Money Than Men, Thereby Sustaining the Economy

According to a take a look at in element carried out by using WomenCertified, a women’s purchaser advocacy and retail training employer, women spend $four trillion annually, accounting for eighty three percent of all U.S. Consumer spending – or, an remarkable two-thirds of the kingdom’s gross national product.

Some say the ones figures are even better. According to the maximum latest figures form Nielsen Consumer, the collective power of a woman's wallet range from $5 trillion to $15 trillion spent annually. In truth, in keeping with recent figures, ladies buy over 50 percentage of products that a few would possibly don't forget "men's" merchandise, inclusive of video games and different electronics, cars, and gear for DIY domestic and garden.

Time Line of Legislation Affecting Women’s Pay

In 1963, President John Kennedy signed the Equal Pay Act. But this law has been useless. According to Dawn Rosenberg McKay, Guide to Career Planning:

"Employers do not always abide by using the Equal Pay Act of 1963 or with the aid of the opposite legal guidelines that require equal pay for identical work. In Fiscal Year 2006 (October 1, 2005 to September 30, 2006), the Equal Employment Opportunity Commission (EEOC) obtained 861 complaints approximately wage discrimination, which blanketed accusations of employers violating the Equal Pay Act, Title VII of the Civil Rights Act, the Age Discrimination in Employment Act and the Americans With Disabilities Act (Charge Statistics: FY 1997 through FY 2006."

In 2007 Barack Obama introduced the Fair Pay Restoration Act; it turned into defeated inside the Senate (John McCain did not show up for the vote).

In 2007 the Lilly Ledbetter Fair Pay Act of 2007 became brought. Obama supported the bill, McCain voted no. The Bill has passed the Senate.

  • The Fair Pay Restoration Act
  • The Lilly Ledbetter Fair Pay Act of 2007
  • Why Did John McCain Vote Against Equal Pay?

We Underpay Women for the Same Jobs Men Perform

The salary gap among women and men is narrowing by means of less than half a percentage in line with yr. Add inflation and the multiplied price of dwelling and women are doing worse, now not higher given that identical pay laws were enacted.

  • In 2018, all women blended earned only 80 cents for each dollar earned through men. One new look at through  The Women's Institute for Policy Research determined that amount isn't always precisely correct. The have a look at cites it lots much less--forty nine percent. 
  • African American ladies earn best 61 cents on the dollar earned through men.
  • Hispanic American girls earn best fifty four cents on the dollar earned with the aid of men.

According to the Katherine Lewis, Guide to Working Moms, the above data are may be truely worse:
"Government information show that women are paid only 77 cents for each dollar earned by way of men. But Moms Rising says that crunching the numbers well-knownshows an excellent grimmer state of affairs: women “earn 10% less than their male opposite numbers; mothers earn 27% less; and unmarried mothers earn among 34% and 44% much less.”

Failing to provide same pay to deserving girls not only hurts women and their households, it additionally hurts the U.S. economy.