(TRENTON) — Assemblywoman Elizabeth Maher Muoio (D-Mercer) had the following published recently in NJBIZ:
“Since the Equal Pay Act was signed by President John F. Kennedy over 50 years ago, the increased presence of women in the workforce has added a $20 trillion boost to our economy. Working mothers provide, on average, nearly 40 percent of a family’s household income.
“While there has been a significant narrowing of the 40 cent pay gap that existed in the early 1960s, women still make approximately 80 cents on the dollar compared to men. African-American women and Latinas fare even worse, earning 60 cents and 55 cents on the dollar, respectively.
“According to a report released by Congress in April, full time working women earn on average $10,800 less per year than men, equivalent to over half a million dollars over the course of a career.”
To read the rest of Assemblywoman Muoio’s op-ed, click here.