Thursday, June 16, 2016

GAP, L'ORÉAL AND STELLA MCCARTNEY PLEDGE COMMITMENT TO EQUAL PAY - FASHIONISTA

by Stephanie Saltzman 
Originally published: June 15, 2016
Publisher: Fashionista.com 

Here's an important reminder: the gender wage gap is a major problem in this country. Women make up nearly half of the work force in the United States, and yet they still make only a fraction of what their male counterparts earn — 79 cents on the dollar. And the gender gap is even more prominent amongst women of color: On average, African American women are paid only 64 cents for every dollar earned by a white, non-Hispanic man, while that number drops to 56 cents for Latina women. 

At Tuesday's United State of Women Summit, the White House called upon private-sector companies to work toward correcting this persistent problem by making a public commitment to equal pay. Companies were asked to sign a pledge in keeping with the below statement: