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Report Shows Gender Pay Gap in CO Closing Three Times Faster Than States Without Pay Transparency

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Contact Lisa Christie (she/her) 917-609-0839 lisac@wfco.org

For Immediate Release

Report Shows Gender Pay Gap in Colorado Closing Three Times Faster Than States Without Pay Transparency Laws Colorado’s shrinking pay gap means that women working full-time earn an average of $2,952 more per year DENVER (March 12, 2024) – On Equal Pay Day, The Women’s Foundation of Colorado (WFCO) released a report showing that since the state’s Equal Pay for Equal Work Act was implemented in 2021, pay for women working full-time in Colorado increased from 78 cents to 85 cents for every dollar paid to similarly qualified men. The gender wage gap in Colorado is closing since the Equal Pay for Equal Work Act went into effect because women are being paid more - not because men are being paid less. Colorado reduced its gender wage gap more than three times faster than the rest of the U.S. since 2021. California and Washington, which followed Colorado’s lead and passed pay transparency laws in 2023, are seeing similar results. ● Colorado, which implemented pay transparency in 2021, reduced its gender wage gap by 7 cents ● Washington, which implemented pay transparency in 2023, reduced its gender wage gap by 5 cents ● California, which implemented pay transparency in 2023, reduced its gender pay gap by 3 cents ● Non-pay transparency states reduced their gender wage gap by 2 cents on the dollar -more-


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