Equal Pay for Equal Work, Empowering a Generation of Women

This year marks the 50th anniversary of President John F. Kennedy’s signing of the Equal Pay Act of 1963. This landmark piece of legislation was one of the very first to address gender-based pay disparities. Yet even then noted,”Much remains to be done to achieve full equality of economic opportunity…”

On the fiftieth anniversary, I can’t help but think about the impact this law has had for generations of women after its passage. And yet while we have made a great deal of progress, “Much remains to be done…” On average, women today earn a mere 77 cents for every dollar that men earn. The numbers are even more dismal for women of color. African-American women are paid only 64 cents and Latinas only 55 cents as compared to white men.

Equal Pay for Women

Why is this problem such a challenge? One reason may be a delay choosing to pursue greater educational opportunities for sake of family. Fortunately for humanity, that privilege is reserved for the more compassionate and nurturing gender! While many single moms manage household, family and career, I for one can’t imagine tackling even 2 out of three without many martinis and a lot of vacation time!

While women professionals have long enjoyed success in certain higher paying careers, the scope has been narrow. Now thankfully, areas of opportunity continue to increase exponentially. Today there are not just a growing number of women doctors & attorneys, but MBAs, scientists and engineers! This is as a result of focus on funding post-graduate education.

Until recently, women in executive positions were the exception not the rule. Yet today the trail is being blazed daily by many competent and confident women. Our executive offices and boardrooms are just now beginning to enjoy the wisdom, insight and perspective of diversity in gender and I can see how the future success of our corporations and economy will benefit greatly!

While the world may be waking up to a new dawn of possibilities, right now, in stores, offices and boardrooms across America millions of women are still being paid less than men doing the same job. These women are our sisters, daughters, wives and friends. So what can we do to help?

Ask your members of Congress to co-sponsor the Paycheck Fairness Act. The Paycheck Fairness Act will help end the wage gap, and make sure women get equal pay for equal work. It is time to be part of the solution! Take action today!

For financial consultation, contact us at 845.563.0537 or Contact@CompassAMG.com

The author of this blog, Steven M DiGregorio is President of Compass Asset Management Group, LLC and an Investment Advisor Representative with Spire Wealth Management, LLC.

Spire Wealth Management, LLC is a Federally Registered Investment Advisory Firm. Securities offered through an affiliate, Spire Securities, LLC. Member FINRA/SIPC.

Explore posts in the same categories: Advocacy for Women

Tags: empowerment, equal pay, equal work, executive pay, Paycheck Fairness Act, professional women, wage gap, women, women entrepreneuers, women executives

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