[FULL REPORT] White House minimum wage hike will help close the gender pay gap

By Bizclik Editor

The White House released a report on Wednesday stating that President Obama has signed an executive order to raise the minimum wage. The report - which states the minimum wage will be increased from $7.25 to $10.10 per hour (and in line with inflation thereafter) - particularly emphasizes the benefit to women because they are more “highly concentrated in low-wage sectors such as personal care and healthcare support occupations.”

The White House report, produced in part by the president's Council of Economic Advisers and the Labor Department, says that about 55 percent of the workers who would see higher wages under the proposal would be women.

RELATED CONTENT:

13 traits of successful businesswomen

Reasons why sustainability is a good business decision

Top tips for training the millennial workforce

The tipped minimum wage of $2.13 has been in place for more than 20 years, meaning many employees haven’t been receiving the threshold amount, even though employers are, by law required to ensure they do.

“Raising the full minimum wage and the tipped minimum wage will help reduce poverty among women and their families, as well as make progress toward closing the gender pay gap,” says the report.

Read the full report here

Share

Featured Articles

DEI done right: Brook Sims, COO, MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Q&A: China’s ecommerce innovator Jeff Li, CEO of Shoplazza

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

How hybrid work is revolutionising the physical office

As hybrid work models roll out worldwide, the purpose of the office is changing with collaboration, connection and networking taking centre stage

Trailblazer: Shanique Bonelli-Moore, DEI chief at Clorox

Sustainability

Dean Forbes – the Forterro CEO aiming for the moon

Leadership & Strategy

Why becoming a B Corp is good for business

Sustainability