March 13, 2023 4 min read
This year, Equal Pay Day in the United States falls on March 14. It is a symbolic day that represents how far into the new year women must work to earn what men earned in the previous year. While March 14 is a representative average of all women in the workforce for 2023, it’s important to note that equal pay day for women of color, working moms, and members of the LGBTQ+ community is even later in the year, highlighting the added layer of discrimination and challenges they face in the workplace.
Here are five key stats to know about the gender pay gap in 2023:
The gender pay gap has a systemic impact on women across the nation. It affects their ability to save for retirement and access healthcare services. Additionally, women who earn less than men may delay starting a family due to financial concerns. Addressing pay equity can help to ensure financial security, healthcare access, and freedom to make choices without economic barriers.
So, what can we do to close the gender pay gap and ensure that all women are paid fairly for their work? One key step is to pass and enforce stronger pay equity laws at the federal and state levels. This includes measures to prohibit employers from asking about salary history, to require companies to report pay data by gender and race, and to increase penalties for pay discrimination. Another important aspect is to promote workplace policies that support work-life balance, such as paid family and medical leave and flexible work arrangements.
If you’re interested in learning more and taking action, here are a few great organizations doing the work at the ground level to make a real and lasting change:
Finally, we can all take action in our own lives by speaking out against pay discrimination, negotiating our salaries, and supporting women-owned businesses. By working together, there is still hope for building a future where all women are paid fairly for their work and can thrive in their careers and communities.
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