It was horrible how the Republicans struck down the Paycheck Fairness Act last week. Today’s New York Times covered this, explaining the women’s pay gap was mostly due to interruptions in their careers. (I thought Porter had good intentions with his article but I got some mixed messages, such as his comment on making the bill a law would backfire on women’s employment.) From experience, it is difficult justifying why a particular man’s pay is more than a particular woman doing the same job. To be fair, performance as well as supply and demand needs to be included in the justification.
Looking beyond pay equity, the fact is women have and always will play a huge role in our economy. Here’s an interesting read showing that even in the tech world, women are beating 18-34 male demographic on tech adoption and purchasing power. With that in mind, why would we not want to put more money in the hands of the decision makers in our consumer society? It’s common sense.
Sourced from She-conomy, women account for 85% of all consumer purchases including everything from autos to health care:
- 91% of New Homes
- 66% PCs
- 92% Vacations
- 80% Healthcare
- 65% New Cars
- 89% Bank Accounts
- 93% Food
- 93 % OTC PharmaceuticalsAmerican women spend about $5 trillion annually…
Over half the U.S. GDP