Women will not receive theÂ same median annual pay as men until 2058, if current earnings patterns continue without change, announced the Institute for Women’s Policy Research (IWPR) this week.
â€śProgress in closing the gender wage gap has stalled during the most recent decade. The wage gap is still at the same level as it was in 2002,â€ť said Heidi Hartmann, president ofÂ IWPR. â€śIf the five-decade trend is projected forward, it will take almost another five decadesâ€”untilÂ 2058â€”for women to reach pay equity. The majority of todayâ€™s working women will be well past the ends of their working lives.â€ť
IWPR released aÂ new fact sheetÂ that tracks the pay gap from 1960 to todayÂ and analyzes changes during the past year by gender, race and ethnicity.
â€śWhile there is no silver bullet forÂ closingÂ the gender wage gap,â€ť said Ariane Hegewisch, a study director at IWPR and author of the fact sheet, â€śstrengthened enforcement of our EEO laws, a higher minimum wage and workâ€“family benefits would go a significant way toward ensuring that working women are able to support their families.â€ť
This article was originally printed on AFL-CIO on September 20, 2013. Â Reprinted with permission.
About the Author: Jackie TortoraÂ isÂ the blog editor and social media manager at the AFL-CIO.