Tumblr Icon RSS Icon

How To Make Good On Obama’s Inauguration Call To Close The Gender Pay Gap

By Pat Garofalo on January 22, 2013 at 9:33 am

"How To Make Good On Obama’s Inauguration Call To Close The Gender Pay Gap"

Share:

google plus icon

During his inaugural speech yesterday, President Obama criticized the gender pay gap, which results in women making 77 cents for every $1 earned by men. “Our journey is not complete until our wives, our mothers, and daughters can earn a living equal to their efforts,” he said.

The gender pay gap has barely budged over the last few decades, even as more women have moved into the ranks of higher-paying professions. The average female doctor, for instance, loses $350,000 to the pay gap.

The gap also hits women right out of college; after one year on the job market, women already earn less than men for doing the same job. In her lifetime, the average woman loses enough in wages to feed a family of four for 37 years.

Obama has already signed the Lily Ledbetter Fair Pay Act. But a larger step towards pay equity could be taken via the Paycheck Fairness Act, which closes loopholes in federal pay discrimination law and implements stronger penalties for employers who discriminate against women. Senate Republicans blocked the Paycheck Fairness Act last year, blasting it as a “war on free enterprise.”

Lawmakers in both the House and Senate plan to reintroduce the Paycheck Fairness Act in the 113th Congress.

‹ PREVIOUS
Econ 101: January 22, 2013

NEXT ›
Mega-Rich Professional Golfer Complains That Paying Higher Taxes ‘Doesn’t Work For Me Right Now’

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.