According to the latest data, full-time year-round working women earn 78 cents for every dollar a full-time year-round working man earns. The pay gap is even worse for Latina and African American women: African American women earn just 64 cents for every dollar a white man makes, and Latina women earn just 54 cents.
For some people the 78 cents number is confusing. What does it mean? Where did it come from?
In the video below, Center for American Progress Director for Women’s Economic Policy Sarah Jane Glynn explains how this frequently cited number came to be and why fixing it is good for the U.S. economy and American families.