Recognizing the Gender Pay Gap: Congress Reaffirms Commitment to Equal Pay.
This Congressional resolution formally acknowledges the persistent wage disparity, where women working full-time earn an average of 83 cents for every dollar paid to men. The document highlights that this gap costs women hundreds of thousands of dollars over a career, hindering student loan repayment and reducing retirement savings, thus negatively impacting family financial security. Congress reaffirms its commitment to supporting equal pay and narrowing this disparity.
Key points
Full-time working women earn 83 cents for every dollar paid to men, resulting in potential lifetime financial losses of nearly $462,000 per woman.
The resolution recognizes that the wage gap is exacerbated by factors like lack of affordable childcare, workplace harassment, and occupational segregation.
Congress formally acknowledges the economic harm caused by the disparity and reaffirms its dedication to achieving pay equity for the benefit of families and the national economy.
Introduced
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