Rebecca Minkoff, Stella McCartney and More Sign Equal Pay Pledge
The White House initiative promises to close the pay gap that plagues American women.
Rebecca Minkoff and Stella McCartney are standing up for women. The fashion designers are two of the boldfaced names who with their brands have signed the White House Equal Pay Pledge, an initiative announced at the United State of Women Summit.
This official promise of equal wages comes as it’s become clear that women make up nearly half the U.S. labor force, according to the White House, yet they earn only 79 percent of what the typical man makes consistently working full-time. What’s more, African American women earn only 64 cents and Latina women just 56 cents for every dollar earned by a white non-Hispanic male.
Thus far, according to the White House, 28 companies have signed this empowering pledge, including L'Oreal USA, Gap Inc., PepsiCo, Johnson & Johnson, Pinterest, Spotify and Airbnb. The Rebecca Minkoff statement states, "As an organization conceived and led by a female entrepreneur, we understand the importance of supporting women early in their careers … We will continue to support our female employees by ensuring that they earn 100% of men’s wages within our company."
According to their statement at Stella McCartney, women make up 67 percent of the leadership team, with a higher number of female employees across the brand. "We place gender equality as a strategic imperative across our talent pipeline," says the statement. It turns out the green label is already on the forefront of this issue, having been awarded the EDGE certification, which is a standard for gender equality in the workplace. Go girl.