Equal Pay Act of 1963

Definition

The Equal Pay Act is a United States labor law that prohibits gender-based wage discrimination between men and women who perform jobs that require substantially equal skill, effort and responsibility under similar working conditions.

Analogy

Think of the Equal Pay Act like a rule in a game stating all players must receive the same number of points for achieving the same goal. It doesn't matter if they're male or female - everyone gets rewarded equally for their efforts.

Related terms

Wage Gap: Wage gap refers to the average difference between remuneration for men and women who are working. Women are generally paid less than men.

Gender Discrimination: Gender discrimination involves treating someone unfavorably because of their sex. In context of employment it can involve unequal pay or opportunities.

Labor Law: Labor laws are legal rules related to rights and responsibilities of workers. They cover issues such as safety standards, minimum wage requirements etc.