Main Street Highlights Wage and Investment Gap for #EqualPayDay
“Equal pay for equal work is long overdue in this country, but the wage gap isn't the only financial inequality facing women in the U.S.”
WASHINGTON - On Equal Pay Day, Republican Main Street Partnership President and CEO Sarah Chamberlain released the following statement highlighting the gender wage gap and the growing investment inequality facing women entrepreneurs in the United States:
"Women are more than 50 percent of the U.S. population, but continue to earn only 80 cents for every dollar men earn in the workplace. Equal pay for equal work is long overdue in this country, but the wage gap isn't the only financial inequality facing women in the U.S.
"Women-owned businesses generate more than $2 trillion annually, but women entrepreneurs received just over 2 percent of the venture capital funding in 2016. Last year, men on average received nearly 50 percent more in business loans than women did. If we are serious about providing pay equity and closing the gap, we also need to encourage and support investment in women-owned businesses nationwide."