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Women make up nearly half the workforce. But they're still getting shortchanged.by Natalia Angulo-Hinkson
Economics & Business#20PercentCounts

WATCH  | It's 2017. Why are women are still getting shortchanged?

The gender pay gap still persists. And it's a wide one.

Women in the U.S. represent 46.8 percent of the workforce right now. That's nearly 70 million working ladies, which, compared to the mere 18 million in 1950 is a definitive step forward.

However, for all the progress, the gender pay gap still persists. 

And it's a wide one.

In 1960, women made 61 cents to every dollar men earned, according to Bureau of Labor Statistics data. By 1990, that figure climbed to 70 cents. And now, women earn on average 78 cents to each dollar men make. 

That's a 20 percent difference.

And while the pay disparity has shrunk, women still work longer hours than their male counterparts -- 50 minutes more per day to be exact.

And worse, the gap widens among minorities, according to the American Association of University Women. According to a recent study:

  • Asian women earn 85 percent of what men make
  • White women make 75 percent
  • African-American women make 63 percent
  • Hispanic women make 54 percent

While the share of female workers in the U.S. is pretty high, 39 other countries outrank America, including Malawi, Gambia, and Tanzania, per Pew Research.

And countries like Iceland have introduced legal measures that force employers to prove they're really paying women as much as men.

The good news is strides are being made to close the gender wage gap as the nature of work evolves. The bad news is we're doing so at a slower rate than in decades past.

But people are taking notice and for Equal Pay Day, the Paycheck Fairness Act is being reintroduced in Congress -- for the 11th time.

In the meantime, mind the gap.