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Pay equality

Posted by Lizzie on Sep-5-2008

There’s a lot of talk about women’s issues this election cycle. Thanks to Hillary Clinton, and now Sarah Palin, we’re back in the spotlight. In that vein, Congress is pressing for a revote on the Lilly Ledbetter Fair Pay Act, which failed to pass previously. McCain has come out again it:

“I am all in favor of pay equity for women, but this kind of legislation, as is typical of what’s being proposed by my friends on the other side of the aisle, opens us up to lawsuits for all kinds of problems,” the expected GOP presidential nominee told reporters. “This is government playing a much, much greater role in the business of a private enterprise system.”

I’ve recently engaged in a half-hearted IT job search - in anticipation of my eventual graduation from the Tech program. There seems to be a little available, but I’ve heard that women are not treated favorably in the IT industry. It would please me, and thousands of other women, tremendously if this actually became law. Would I know that my male counterparts were making more than me? Probably not. But this act would give me recourse should I find out about a pay discrepancy after the fact. As a woman hoping to work in a male-dominated field, I would feel just a little better knowing I had a safety net.

There was some talk that this law isn’t necessary. I beg to differ. I worked with a company (unrelated to the tech field) that cut me a mystery check. When I inquired to what the purpose of the check was, I was told that it was to make up for a pay difference between me and my male counterparts. I had no idea that the men were making that much more per hour than I was, but there was a lawsuit and the settlement agreement was that this company would pay the hourly difference to each female for whatever period of time they agreed to (I think it was 3 months, even though I’d been there for over a year at that point). I left that company not long afterward, but my eyes had been opened. The reasoning for the lower pay was that women are mothers and so are prone to miss work because of their sick children. Men, on the other hand, are more reliable and should be rewarded. Really?

At a time when a major political party has nominated a self-proclaimed “hockey mom” to be vice president, there should be no more “she should get less because she’s a mom”. This woman is seeking a job while parenting 5 children (and potentially helping parent a grandchild) so the reason listed above would apply to her and her pay should be cut significantly. Right? No. Wrong. Her husband will be able to tend to the children while she runs for office and he can tend to the children while she continues to govern Alaska (except that he’s got a full-time job plus an extra job on the side in the summer, but that’s not this issue). It’s only fair that the rest of American women enjoy the same equality in pay as the women who govern them.

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Oct
13

Ways to Grow Your Money

Posted by Lizzie in work from home 

Working from home comes with a lot of challenges, the least of which is what the do with all that money you’re making. For me, it’s trying to build up my web presence, go to school, and take care of my family. My ultimate goal is to own my own home-based business and make a decent living from it. I want to get up in the morning, brush my teeth and walk across the hall to “the office”. I also want to be able to go on vacations with my family and carry my work along with me - at least some - so that I don’t miss a minute. This is why I’m going to school and doing other things that I’m doing.

One of the best ways to take “a little money” and make it “a lot more money” is through investments. My mother- and father-in-law have done this through real estate and it can be quite lucrative. They’ve also considered buying a franchise to increase their revenue. It was all very interesting to me, of course. Unfortunately, they didn’t get their franchise, but they’ve made some really good real estate investments. Kind of like “Flip This House” but with less dramatic results.

From October 19-21 MyWallSt.net: Your Financial Social Network is sponsoring an expo in New York City called the Wealth Expo. It’s a 3-day seminar that features keynote speeches, exhibits from investment companies, and information about real estate and franchise opportunities.

On Sunday, Oct. 21 at 12:30 there will be a speech called “How to Get FREE Grant Money for ANY Business, including $50,000+ for Your Real Estate or Foreclosure Business - NOW!”. I like the idea behind this one, because I would be able to get some cash to start my business and not have to worry about paying it back. When I graduate from college (finally) I’ll have quite a bit of debt and the cost of the equipment I’ll need combined with that debt is going to put me back a bit. If I could get enough money to pay off those debts and buy my equipment just like that, well quite frankly, I’d be set. Grant money is always good and especially good when you’re just that far from reaching your goals.

The Wealth Expo runs from Friday, Oct.19 through Sunday, Oct.21. The schedule overview is:

Friday, 10/19: 1 p.m.-6:30 p.m. EDT w/ a cocktail hour to follow
Saturday, 10/20: 9 a.m.-6:30 p.m. EDT w/ a cocktail hour to follow
Sunday, 10/21: 9 a.m.-4 p.m. EDT (no cocktail hour)

Specific scheduling can be seen on the web site here.

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