Media Announcements

Catalyst Issues Statement on Paycheck Fairness Act Scheduled for Vote in the U.S. Senate the Week of November 15, 2010

NEW YORK— Today Catalyst issued a statement concerning the upcoming vote in the United States Senate on the Paycheck Fairness Act. The statement is reproduced here in full, as follows:
 
A bold step forward for American business and the economy would be for the Senate to join the House in passing the Paycheck Fairness Act.
 
Women working full-time and year-round earn, on average, 77 cents for every dollar earned by a man. This gap adds up. Over the span of a 40 year career, a woman in the United States stands to lose an average of $431,000 in wages.
 
Give it time is not the answer. When the Equal Pay Act of 1963 was passed, full-time working women made 59 cents for every dollar earned by a man. Forty-seven years later, the gap has closed by only 18 cents. This represents a rate of change of less than half a cent a year. At this pace, it will take until 2058 for full-time wages between women and men to be equal.
 
The Paycheck Fairness Act strengthens the Equal Pay Act by requiring employers to provide an explanation for wage differences between women and men doing the same type of work, ensuring that women can obtain the same legal remedies as those subject to racial or ethnic discrimination, bolstering the federal collection of wage data, and prohibiting retaliation against workers who ask bosses about their wages. These crucial changes to the law must be made now.
 
Too much is at stake. Three quarters of women identify themselves as the primary shoppers for their households and more than 12 million families with children rely primarily on women’s earnings. When women are paid less, then there is less money for families to spend on healthcare, education, food, vacations and everything else that drives our economy.
 
Moreover, as a leader of the developed world, businesses in America need to embrace the talents of our women and pay them what they are worth. Women aspire to success just as much as men do, and they define it similarly. But until women achieve parity in pay and in job level, they will be marginalized in every other arena, and American families, our businesses and our economy will continue to pay a steep price.
 
What’s good for women is good for America. We need to pass the Paycheck Fairness Act now.

ABOUT CATALYST
Founded in 1962, Catalyst is the leading nonprofit membership organization working globally with businesses and the professions to build inclusive workplaces and expand opportunities for women and business. With offices in the United States, Canada, and Europe, and more than 400 preeminent corporations as members, Catalyst is the trusted resource for research, information, and advice about women at work. Catalyst annually honors exemplary organizational initiatives that promote women’s advancement with the Catalyst Award.