In his State of the Union speech last week, President Obama spoke passionately about wanting to end the wage discrimination between males and females. He used the number $.77 in the context of women make $.77 for every dollar a man makes. Is that actually true? Probably not, when you look at all the data:
"[Women] still make 77 cents for every dollar a man earns. That is wrong, and in 2014, it's an embarrassment. A woman deserves equal pay for equal work."
Hard to argue with that, but the 77-cents statistic does not tell the full story.
All it tells us is how the median annual earnings of full-time, year-round female workers compare with that of full-time, year-round male workers.
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