Today is Equal Pay Day. Here’s what that means | CNN Business

The gender pay gap is typically referred to in monetary terms, measuring how much women earn for every dollar a man earns.

This year, Equal Pay Day falls on March 14. That means the average full-time working woman has to work about two and a half months more than the average man just to bring in what he earned last year.

That’s based on the most recent estimate of the gender pay gap from the Census Bureau, which was 84 cents among full-time, year-round workers. When part-time, seasonal and gig workers are also counted, the gap grows wider — and the time to catch up gets longer.

The good news is the pay gap has been shrinking, albeit slowly, over the past two decades. And Equal Pay Day, inaugurated in 1996 by the National Committee on Pay Equity, now arrives about a month earlier than it used to. Back in 2005, for instance, Equal Pay Day was April 19.

Source: Today is Equal Pay Day. Here’s what that means | CNN Business

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