""We are reversing decades of hard won progress," Vagins says, highlighting the concerning trend of the widening gender pay gap and its implications for women's earnings."
"The Census Bureau reported that men's median income grew by 3.7% between 2023 and 2024, while women's median income remained stagnant, contributing to the widening gap."
"Even a well-meaning employer could carry forward the effects of prior employers' pay discrimination, emphasizing the need for transparency in salary histories and job postings."
Equal Pay Day is observed on March 26 this year, indicating how far into the new year women must work to match men's earnings from the previous year. The gender pay gap has widened, with women earning 81 cents for every dollar men earn, down from 83 cents last year. This marks the first consecutive widening of the wage gap since the 1960s. Factors contributing to this include stagnant women's median income and increased men's median income. Efforts for federal pay transparency laws faced resistance in Congress.
Read at www.npr.org
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