Equal-Pay Day
Today, 12 April 2011, is “Equal-Pay Day” in the U.S. If you took the median-salary American man and the median-salary woman, and started paying them both on the first of 2010, today is the day when the woman will have finally earned what the man took in through 31 December, about 14 weeks ago.
Of course, it’s not that simple. You can’t just take any man and any woman and make that comparison. The figure that’s used for this is the median income: take all the men’s annual salaries, list them in order of lowest to highest, then pick the one in the middle. Do the same for women’s salaries.…