Despite a half century of attempts to close the gender-based pay chasm, women continue to earn substantially less than men. And it will likely be the mid-21st century before the gap is eliminated.

That's the conclusion of the latest pay gap review by the U.S. Department of Labor. The department took a look at the gap on the 50th anniversary of the signing of the Equal Pay Act – the anniversary was Monday – and reported that in some comparisons, women had actually fallen further behind in the past year. Overall, the optimism expressed by the Kennedy administration on the signing of the act hasn't been supported by action in the last decade, it said.

While the DOL crunches the numbers in an array of ways, overall, women make about 80 percent of what men make in apples-to-apples comparisons. Women's earnings as a percent of men's climbed about 5 percent from the late 1990s through 2003. But since then, gains have been miniscule — perhaps a percentage point or two since 2003.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dan Cook

Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.