Cara Demers: What’s 117 years between friends?

aIt will only take another 117 years for women to finally make as much money as their male coworkers working the same job.

That’s right. A study done late last year by the World Economic Forum found that America’s pay gap might actually close by the year 2133.

If that doesn’t tell you how slowly that gap is tapering, then I’m not sure what will.

After all, the United States currently ranks 74th in the world for wage equality among 145 countries, according to an article published here by CNN. In fact, there isn’t one country in the entire world where men and women earn equal pay for the same job.

It’s 2016, people. How is that even possible?

Yet America’s pay gap is also at an all-time low. Around the same time that CNN published that above article, the U.S. Census Bureau found that the gap had narrowed to the lowest level on record since 1960: last year, women were earning just 78.6 percent of what men earn.

gender pay gapWhether you’re a man or woman, this matters. The gender pay gap in this country can make the difference between living above or below the poverty line. This goes not only for single women, but also for couples and entire families. How can we expect a family to live if half of their income is significantly lower than it should be?

It’s impossible.

If we were able to close the gender pay gap, Fortune Magazine claims that poverty could be cut in half for all families with a working woman or any single woman in the workforce.

And aside from the morality and equality issues surrounding this problem, perhaps Fortune’s argument should be reason enough to close that gap far before 2133.

 

 

 

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