Robert Reich on sexual discrimination

It’s well known that women earn less than men – 78 cents for every dollar a man brings in. (Most minimum-wage workers are women, for example.)

Women are also more likely than men to take time out of work to care for children or other family members. As a result of both factors, women don’t and can’t save nearly as much for retirement as men save (the typical woman’s IRA account is 71 percent the size of the typical man’s), and they live longer (spending an average of 21.6 years in retirement, compared to 19.3 for the typical male). All of which explains why, according to a new report from the National Women’s Law Center, more than 12 percent of women over age 65 are in poverty while 7.4 percent of men over 65 are in poverty.

Bottom line: Just like raising the minimum wage is mainly a woman’s issue, so is expanding Social Security.

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