The Pink Tax and Gender Pay Gap: Financial Challenges Faced by Women
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Last week, the U.S. Equal Employment Opportunity Commission released a dashboard of pay data from 2017 to 2018, shedding light on the persistent gender pay gap in the United States. The data showed that only 1.6% of women fall into the highest pay band, compared to 4.6% of men. Additionally, 33.2% of women fall into the lowest employee group, while only 23.1% of men do. The agency's new Democratic majority may enforce rules based on this data, aiming to address and rectify the gender pay gap.
A recent article from the Florida Phoenix highlights that the wage gap between men and women, including in Florida, is stagnant or widening in 2024. Currently, women working full time earn between 82 to 84 cents for every dollar earned by white, non-Hispanic men. Black women earn 67 cents for every d...
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