Women will not receive the 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.
“Progress 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,” said Heidi Hartmann, president of IWPR. “If the five-decade trend is projected forward, it will take almost another five decades—until 2058—for women to reach pay equity. The majority of today’s working women will be well past the ends of their working lives.”
IWPR released a new fact sheet that tracks the pay gap from 1960 to today and analyzes changes during the past year by gender, race and ethnicity.
“While there is no silver bullet for closing the gender wage gap,” said Ariane Hegewisch, a study director at IWPR and author of the fact sheet, “strengthened enforcement of our EEO laws, a higher minimum wage and work–family benefits would go a significant way toward ensuring that working women are able to support their families.”