Not only does pay inequality affect a woman income after taxes, it also affects benefits earned and provided for similar work. The benefits of ensuring that women obtain equal pay are that it will put more money into the Social Security fund because of taxes taken out. In addition, it will ensure financial protection for women in their senior years because it will help women save more money for retirement so they don’t have to rely on social security or spousal benefits. Furthermore, women won’t be dependent on social security because of lost wages in the senior years. This could make a difference between healthcare and hunger. It would also alleviate the burden of children having to take care of the elderly parents. On a national level, if women were paid fairly, it would help decrease the national debt when you take into consideration the fact that women make up ~ ½ of the …show more content…
This trend continues even when they have the same educational background. What this shows is that educational background isn’t the only obstacle that minority women face when it comes to equal pay. One other possible explanations can be discrimination, which if used in the work place can be problematic. Even though the gender pay gap affects all women, for African American and Hispanic/Latina women, it is an even bigger obstacle that can dramatically affect the communities in which they reside. Therefore, if equal pay for equal work is to be beneficial to all, legislation must specifically highlight and make provisions that directly affect women of minority groups as well as women in general. The following table illustrates by percentage, the disparity that women face compared to men of their own race as well as Caucasian