The wage gap refers to the discrepancy in the wages women and men earn for doing the same work. The Equal Pay Act was established in 1963, and this law made it illegal for employers to pay different wages to women and men who do the same work or hold the same position within a company. In general, Caucasian women earn about 78 cents for every dollar a white male makes. However, there are different discrepancies based on race. African-American and Hispanic women earn even less. The wage gap is determined by dividing the median yearly wages for women by the median yearly wages for men.
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