Key points
- Women still make just $0.82 for every $1 men make.
- Pay transparency laws are in place in eight states and 16 others (plus Washington, D.C.) are considering them in 2023.
- Other ways to ensure you're being paid fairly include discussing salaries at work, researching pay data in your field, and improving your confidence about your personal finances.
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Women have made incredible strides toward greater equality in our society, but one place where we continue to lag behind is pay equality. Pew Research reported that last year, women still earned an average of $0.82 for every $1 earned by men -- not much of a change from 2002, when that figure was $0.80 per $1.
Unfortunately, it's often the nature of women's lives and employment experience that feeds the disparity, as it's most often women who are expected to give up their careers (or put them on hold) to raise children and care for other family members. All of this results in women having less money saved for retirement and smaller checking account balances.
Some state legislatures are stepping up to the plate, however. Let's take a look at where new pay transparency laws are in the works, as well as a few steps you can take to ensure you're paid what you're worth.
Pay transparency laws
Pay transparency is a crucial way to fight pay inequality, because when employers provide salary information to staff and job applicants, women can proceed from a place of...
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