The Gender Pay Gap Is Worse Than You Thought
A new study by the Institute for Women’s Policy Research estimates American women only bring home 49 cents for each dollar a man earns — a drastic reduction from the previous widely cited figure of 80 cents. Instead of comparing full-time wages for a given year, the study looked at earnings over 15-year periods. During those spans, women were more likely to quit paid work for family duties. The study’s authors suggest closing the child-care gap to crush pay discrepancies between the sexes.