"Gender pay gap creates ‘second class citizenship for women': Lilly Ledbetter", 4 Mar 2021

The gender pay gap causes women to have huge pay losses that continue through retirement, equal pay activist Lilly Ledbetter told Yahoo Finance.

“It's really a second class citizenship for women like myself for the rest of their life,” she said...

The wage gap creates a knock on effect that impacts how much you get paid overtime (typically one and a half time an employee’s regular rate of pay), how much an employer will contribute to a retirement account (a percentage of an employee’s yearly salary) or how much is paid in pension.

...On average, women earn just under 82 cents to every dollar a man earns. But according to the Census Bureau, at the current rate, it will take until 2059 for women to achieve equal pay.

While all women are underpaid compared to their white male counterparts...gaps...widen based upon race and ethnicity.

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Women must often contend with the “motherhood tax,” the amount that a woman’s salary falls after giving birth. Studies have found that 10 years after having children, American women’s salaries drop by roughly 40%, compared to their pre-birth wages.

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One of the hurdles facing women in the fight for equal pay is a lack of transparency in workplaces about salaries...

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