Rep. Maloney Recognizes Equal Pay Day 2017
WASHINGTON, DC- Congresswoman Carolyn B. Maloney (NY-12), the lead sponsor of the Equal Rights Amendment, and a steadfast advocate for women’s rights and House Ranking Member on the Joint Economic Committee (JEC), released the following statement in recognition of Equal Pay Day, a day symbolizing the gender wage gap by showing how many extra days beyond the calendar year the average woman needs to work to take home the same total wages as the average man.
“The gender pay gap is an economic injustice that has a very real impact on the lives of women and families, not just today, but each and every day. It affects women of every age, every educational level, and in almost every line of work. According to a new report out today from the democratic staff of the Joint Economic Committee, a man with a bachelor’s degree is paid $5,000 more than a woman with a graduate degree.
“Across the country, the average woman is paid just 80 cents for every dollar a man is paid. It’s worse for women of color and it varies significantly depending on where you live. The gap starts at the beginning of a woman’s career and then widens as she gets older, with the cumulative effect adding up to as much as nearly half a million dollars in lost income! It is one of the principle reasons that a woman in her senior years is far more likely to live in poverty than a man.
“I was very proud when the great state of New York passed its equal pay legislation in 2015, and I was especially pleased to learn that, according to today’s JEC report, amongst all the states, the gender wage gap is smallest in New York, where women are paid 89 cents for every dollar their male counterparts make. Though, we clearly still have work to do if the best circumstance is 89 cents to the dollar.”
“Eliminating the gender wage gap would benefit our country as a whole, not just the women. The JEC report also shows that by closing the pay gap we could shrink the poverty rate among working women from 8.2 to 4.0 percent, benefitting families and our economy.
“If we fail to act, if we do nothing, women will not reach pay equity until 2059! I think the women of America have already waited long enough. The time is now to pass the Equal Rights Amendment and the Paycheck Fairness Act to ensure greater financial security for women and families today and for the future. ”