Tuesday, February 24, 2015

Forbes Living Looks at Wage Equality in the United States

It is a well-known fact that women in the United States get paid 78 cents when men get paid a dollar. This cause was brought to the world’s attention during the recent Academy Awards ceremony on Sunday, February 22, by Oscar winner Patricia Arquette. Forbes Living weighs in. 

Over the years, actors who win an Oscar for excellence in their craft, have taken a stand for a cause important to them. This year, actor Patricia Arquette accepted her award and reminded the world that women have fought for everyone else’s cause, supported everyone else, and that the time is now to implement equal pay for women.

Fifty-two years ago, President Kennedy signed the Equal Pay Act. And 52 years later, women are still fighting to be paid equally in America. Women hold nearly half of today’s jobs, and their earnings account for a significant portion of household income. But the pay gap is still prevalent and run even wider for African-Americans and Latinas.

Female full-time workers earn 18% less per week than men. Female CEOs make 20% less. The gap opens to 43% in the legal field. Four out of ten family breadwinners are women.

Forbes Living TV believes that all women deserve to be paid equally. But this will not happen unless it is made a Federal law and applies at the state level. If you believe women should be paid fairly and equally, now is the time to speak up. #demandwageequality #womenworkharder #equaljobequalpay

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