Posted on May 31, 2012 |
To flip an old phrase, the political is personal. And as a young woman in the beginning of my professional life, the Paycheck Fairness Act is very personal.
For those of you who don’t know, the Paycheck Fairness Act is a bill that would strengthen the Equal Pay Act by prohibiting employers from retaliating against employees for sharing information about their wages, improving data collection and enforcement by government agencies, closing loopholes that courts have opened in the law, and making it easier for employees to come together as a group to challenge discriminatory pay policies.
Apologies if that sounds wonky, but I promise you, these policy changes can have personal impact. Check out the wage gap in your home state (I hope you’ve had the chance to look at our beautiful state by state fact sheets on the wage gap). These female cents on the male dollar figures - 77 cents nationally, 76 cents in my home state of Illinois, 91 cents in Washington, DC - aren’t just arbitrary numbers. They translate into real money that never finds its way into your bank account simply because of your gender.
Did you know that a typical woman loses out on $431,000 in earnings over a forty-year period? That’s less money to pay back student loans, buy a house or car, send children to college, save for retirement, go on vacation, contribute to charity, or simply buy Ben and Jerry’s when it’s not on sale! Read more »