Almost 50 years ago, Congress passed the Equal Pay Act. It prohibits employers from paying men or women different wages based on gender.
At the time, women earned almost 59 cents for every dollar earned by men, according to the National Committee on Pay Equity.
Earlier this week, the Institute for Women’s Policy Research released a fact sheet finding men make more money than women in almost every occupation. According to the U.S. Bureau of Labor Statistics, women earn 77 cents for every dollar earned by a man.
So how is it that after 50 years, women have only increased their relative pay by 18 cents?