In 2009, the Lilly Ledbetter Act was signed into law. For those of you who don’t know, this is the most recent legislation in the fair wages movement. It’s well documented that women, on average, earn about 79 cents to every dollar a man earns for doing the same job. This has been a documented problem since women first entered the workplace in waves during WWII. Many men were drafted to fight the war so factories relied on American women to take their place. We had a strong manufacturing industry in the 1940’s and 1950’s. We relied on the female workforce to produce everything from planes to uniforms and everything in between.
Last year, The Council of Economic Advisers put together a document investigating trends among Millennials. Some of the facts weren’t all that surprising: “Millennials are the most educated generation,”1 “Millennials tend to be closer to their parents than previous generations,” “Millennials are more likely to take out loans to pay for rising college costs”.
The surprising statistics regard male and female differences in education and earning potential. It’s reported that starting in the 1990’s women’s college enrollment surged some years surpassing male enrollment. Likewise, in some years female college graduation surpassed male graduation rates attributing to the fact that female to male earning rate in Millennials is almost equal.
There is still a long road for second wave feminists who have been at the forefront of the pay gap since the 1970’s (a topic largely associated with the women’s lib movement). This is good news for millennial women who, along with their male counterparts, are redefining culture.