I came across an article recently that talked about a report on pay equality between genders from the World Economic Forum. I have to say it was a bit of a bubble buster for me.
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In a nutshell, it says that, on a global scale, it will take another 118 years for women to attain pay equality. That’s generations from now! How is that possible? That statistic can’t apply to the U.S. Have we forgotten about the Equal Pay Act of 1963 and the Lilly Ledbetter Fair Pay Act of 2009?
Before you start thinking that it’s a global report and has no bearing on how folks in the U.S. are being paid, you should know that the U.S. ranks 28 out of the 145 countries in the Gender Gap Index included in the report. In the section on economic participation and opportunity, the U.S. ranks 6 but in the sub-set of wage equality for similar work, the U.S. ranks 74.