fashion brands pledge to close the gender pay gap
L'Oreal, Stella McCartney, Gap and Amazon all signed up to the Equal Pay Pledge at yesterday's United State of Women Summit
Every day we see women forging ahead and flourishing in the work place, reaching the lofty heights within companies that just decades ago would have been near impossible to achieve. And whilst time has seen women progress to top positions, we, as a society still seem to be stagnant when it comes to closing the pay gap between men and women in the same positions. Alarming statistics revealed at yesterday's United State of Women Summit revealed while women make up nearly half of the U.S. labour force, they still only earn only 79% of what men in the same position make, and disappointingly statistics dwindle even further when it comes to women of colour, with African American women earning 64 cents and Latina women earning 56 cents for every dollar earned by a white non-Hispanic man.
Thankfully changes are being made, with some of fashion's major players committing to a new Equal Pay Pledge that will see private sector businesses join the effort to reduce the gender pay gap, more closely analysing hiring practises and providing education around unconscious biases. Fashion brands who have already signed up include L'Oreal, Stella McCartney and Gap as well as Amazon, Spotify and Airbnb with more brands being encouraged to sign the pledge in the near future. The inaugural summit saw FLOTUS Michelle Obama share the podium with Oprah Winfrey, Shonda Rhimes, Patricia Arquette and Kerry Washington during the day's seminars and talks to spread the message and create a positive catalyst for change.
Text Lynette Nylander
Image via Instagram