These 3 Fashion Retailers Have Signed Up for the Equal Pay Pledge
Jun 22, 2016
The United State of Women summit took place in Washington, D.C., on June 14. The gathering highlighted the need for continued dedication from American companies to provide equal pay and opportunities for women. A summary of the event on the White House's official blog reaffirms the stark pay gap: In 2014, an average woman working a full-time job in the U.S. would only earn 79 percent of what her male counterpart would earn in a comparable full-time position. On top of that, current data show that more women are identifying as the breadwinner in their families and working in roles that have been traditionally occupied by men.
But there's a fantastic initiative that allows companies we use every day to pave the way for pay equality: The Equal Pay Pledge, a program that follows in the footsteps of President Obama's Lilly Ledbetter Fair Pay Act. Fashion brands Gap Inc., Rebecca Minkoff, and Stella McCartney stand among powerful brands that have committed to the pledge. Online retail giant Amazon also promised to bridge the gap between male and female pay, as well as other millennial-friendly companies such as Airbnb, Expedia, Slack, Spotify, Pinterest, and L'Oréal USA.
Hopefully more highly recognizable brands get aboard the Equal Pay Pledge train in the coming year to reinforce that pay equality is essential on a national—and global—scale. For statements from these with-the-times retailers detailing their participation in the EPP, visit the White House blog.
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