d of wage differentiation is apparent between more educated and less educated workers.
Concepts of Section as Found in "Real World"
* Equal pay (regardless of gender, race, age, or other factors) has been the law since 1963, however, in 1996, women were paid 74 cents for every dollar men received. That comes out to $26 less to spend on groceries, housing, child care and other expenses for every $100 worth of work we do.
* Nationwide, working families lose $200 billion of income annually to the wage gap (Busenitz & Barney, 1997).
* Taken over a lifetime of work, the 26 cents-on-the-dollar loss adds up to $523,000 (considering a working woman, 25-years-old and working until the age of 65.)(Catalyst)
* Earning less means less to save for retirement. For instance, 1994 data shows that women's private-pension benefits averaged $3,000 a while those for men averaged $7,800.
* Pay gaps are worse for women of color. Asian Pac
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