Gap Reveals That Its Male And Female Employees Make Exactly The Same Wages
Clothing retailer Gap has disclosed that it ensures gender pay equality for all of its employees.
On Tuesday, the brand tweeted an image indicating that it was founded on an equal investment by both a man and a woman. Today, it still pays men and women exactly the same amount.
Don and Doris invested equally to build @Gap. We continue gender equality today. #equalpay #letsdomore #since1969 pic.twitter.com/5pBSPeSycW — Gap (@Gap) August 26, 2014
In a statement made to Buzzfeed, Glenn Murphy, Gap's CEO, said that keeping the business's original values is important to him.
Starting with cofounder Doris Fisher, we have a proud tradition of developing and promoting strong women leaders and mentors – from our stores to our divisions to our senior management... More than 70 percent of our workforce is female. Removing gender bias from pay practices is the right thing to do and it is good for business.
Murphy's statement came on the anniversary of the 19th Amendment, which guaranteed women the right to vote.
The good news is that the pay gap is narrowing, if slowly. A recent Pew report found that, in 2012, women's wages were 84 percent of what their male peers earned. The process will take continued effort and time, but it seems to be happening.