Author: Leslie Bennetts

How I Lost A Million Dollars: What Pay Equity Really Means

As a longtime journalist, I’ve covered what American society considers to be “women’s issues” for 40 years — including pay inequities, which were big news when I became a reporter in the 1970‘s. Unfortunately for all of us, the gender gap is still making headlines today, because female full-time workers earn only 78 cents for every dollar earned by men. As if that weren’t depressing enough, the United States lags far behind many other nations in achieving wage equality. A new report by the World Economic Forum found that the United States ranks 65th among 142 countries. But we’ve heard about women’s lost wages for so many years that the actual figures take on a numbing familiarity. What they really mean may not fully register until later in life, when it’s too late to do anything about the longterm cost of such penalties. So let me tell you about how I lost a million dollars, how a young woman I know is on her way to losing millions more, and what that may mean for you. When …