July 27, 2015

UK to require larger businesses to reveal pay disparity between men and women

Feminist - United Kingdom Prime Minister David Cameron announced a measure last week aimed at making the gender pay gap much more visible. In an effort of transparency, big businesses in the UK will soon be forced to publish the difference in earnings between male and female employees.

The gender pay gap in Britain, although better than that of the United States, is still significant, with the average gender gap for all British employees at 20 percent. For full-time workers in Britain, that gap lessens dramatically, with women making 10 percent less than their male counterparts.

In the United States, on the other hand, women still earn an average of 77 cents for every dollar earned by men, and women of color make even less. Black women earn just 64 cents for every dollar earned by white men, and Latinas earn only 54 cents. The pay gap costs women about $434,000 over the course of their careers - impacting the ability of women to provide for their families and care for their loved ones. The pay gap also cuts into women's Social Security, pensions, and retirement.

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