People talk a lot about what’s fair. But in a world where most women earn less than men for doing the same job, fairness seems to take a back seat. The Global Gender Gap Report 2014 published by the World Economic Forum (WEF) charts only a small improvement in equality for women in the workplace in recent years. In fact, the gender gap for economic participation and opportunity now stands at 60% worldwide, having closed by just 4% from 56% in 2006. There isn’t anywhere in the world where a woman gets the same pay for doing the same job as a man and, according to the report, we might have to wait another 80 years or so to close the gap.
In its latest meeting, the Federal Reserve noted improvements in both U.S. economic strength and broad labor market while inflation remains in check. The current environment allows the Fed to reduce its monthly pace of asset purchases while maintaining low rates–good signs for the corporate titans of Wall Street and the average Joes of Main Street. Continue reading →