Monday, April 8, 2013
Johanna Schiavoni, President-Elect, Lawyers Club of San Diego
Equal pay for an equal job still appears to be out of reach for many women in this country. The federal Equal Pay Act was signed in 1963 when women made 59 cents to every dollar a man made. It was set up to prevent wage discrimination between men and women who are equally skilled and doing the same job. Today, some 50 years later, a woman makes 77 cents for every dollar a man makes.
Tuesday, April 9th is Equal Pay Day. It marks the day a woman must work into 2013 to equal the pay a man made in 2012.
The Wage Project estimates on average, women earn $10,000 less per year than a man and that adds up over the lifetime. The organization reports the lifetime gap works out to be around $700,000 for a high school graduate, more than $1 million for a college graduate and about $2 million in lost wages for professional women graduates. This loss in wages also affects retirement and social security benefits.