The headlines are seemingly nonstop: “Wage gap is even worse than we had thought,” reads the Chicago Tribune, “Women still earn lower salaries, fewer promotions,” proclaims USA Today, and “America doesn’t just have a gender pay gap. It has a gender wealth gap,” reports the Washington Post.
This drumbeat of news regarding the divide between what men and women in the U.S. earn reflects numbers that are stunning, to say the least. Here we are, more than 56 years after the passage of the Equal Pay Act, and females in this country are paid $0.80 for every dollar made by their male counterparts – this according to the Institute for Women’s Policy Research (IWPR). For women of color, the data is far worse, with African Americans making $0.63 and Latinas $0.54 compared to each dollar paid to white men.