Equal Pay Day 2018: What you need to know

Equal Pay Day 2018: What you need to know

Equal Pay Day 2018: What you need to know

Women in the USA still experience a major gender wage gap, 55 years after the Equal Pay Act was passed, Business Insider reports. The U.S. Census Bureau reported in their last survey (published September of 2017) that women in most areas of business still earn 20% less than their male counterparts.

The issue is even greater with Black women and other women of color.

Another large factor in the pay gap comes from the fact that 54% of the gap can be attributed to "different jobs or industries", which means that, in general, men end up in higher-paying fields, according to a Glassdoor analysis.

Today, on average, an American woman earns around 80 cents for every dollar a man earns, and women's median annual earnings are $10,500 less than men's, according to a recent report by the Senate Joint Economic Committee Democratic Staff.

The group found that within the first two years of working in tech, women ask for and receive 98% of what men earn in the same job at the same company, meaning the pay gap is 98 cents to $1 at this stage.

Over half a century after the USA passed the Equal Pay Act, American women still face a substantial gender wage gap across the spectrum. Visier's VP of marketing tells Forbes the real wage gap opens up around ages 32 to 40, when women are more likely to have young kids at home: "Women tend to take on more of the childcare responsibilities and that impacts their earning potential", she says.

At the state level, NY women face the narrowest pay gap, making 89 cents for every $1 paid to men.

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