Testimony: Support Equal Pay for Equal Work Act
While pay inequity should first be recognized as a moral issue, it is also an economic issue. Colorado loses more than a combined total of $13 billion every year due to the gender wage gap.
While pay inequity should first be recognized as a moral issue, it is also an economic issue. Colorado loses more than a combined total of $13 billion every year due to the gender wage gap.
Policies that focus on a job’s worth, versus an applicant’s salary history, have been implemented by companies like Amazon, Facebook, and Google. Still, a recent survey found only 5 percent of employers say it’s already existing practice not to ask about a candidate's pay history.
The hourly wage needed to be self-sufficient for an adult and a preschooler is $26.86 in Boulder County, $17.41 in Mesa County, $20.18 in El Paso County, and $14.80 in Yuma County. Yet the state minimum wage is the same for all.
Many Coloradans, particularly those in mountain and rural communities, are reaching a health care crisis point. We need to problem solve now.
In our 2016 study, we found almost 900,000 Colorado private sector workers in their prime working years are not participating in any type of retirement savings plan at work. The Colorado Secure Savings Plan could change that.
A work requirement is unlikely to spur large numbers of additional non-disabled adults to get a job, but it will lead to tens of thousands of people losing coverage.
Money spent on children under age 4 have an enormous return on investment, including less reliance on social services later in life and an economic boost by allowing parents the time and ability to work.
Research done for the Bell Policy Center shows "traditional success is unobtainable for families earning the median income, regardless of county, age of children, or year studied."
Whether you're just starting out or getting closer to the end of your career, saving for retirement must be a priority for all Coloradans.
Increasing the state tax credit for child care expenses as a percentage of the federal tax credit and extending eligibility to those with middle incomes will help more Coloradans afford child care. The Bell supports HB18-1208 to expand the child care expenses income tax credit and urges a yes vote on it.
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