50 years after Equal Pay Act, men still see bigger paychecks - WAFF-TV: News, Weather and Sports for Huntsville, AL

50 years after Equal Pay Act, men still see bigger paychecks

(WAFF) -

Monday marks 50 years since then President John F. Kennedy signed the Equal Pay Act. It was designed to do away with the wage gap that existed between men and women in America.

Today in Alabama, the average man makes around $42,900. Compare that to a woman's $31,400 paycheck. That's a difference of more than $10,000.

According to the National Women's Law Center, the wage gap exist at all levels of education. A woman working in Alabama with a high school diploma earned 63 cents for every dollar that a man with a high school diploma made in 2010. A woman with a bachelor's degree made 61 cents to a man's dollar.

The wage gap also exists no matter the occupation. A woman working full time, year round in management, business, or financial occupations is paid 69 cents for every dollar that a man in that industry makes.

In 1963, when the Equal Pay Act was passed, women made 59 cents for every dollar that a man made. Nationwide, they now make 77 cents for every dollar. That means that gender wage gap is closing, but very slowly, at a rate of about a half cent per year. It took 50 years for the gap to close 18 cents.

If you factor together all these numbers, depending on her education level, a woman in the United States will make between $700,000 and $2 million dollars less than her male counterpart.

Copyright WAFF 2013. All Rights Reserved.

Powered by Frankly