Q: In what new ways do you intend to rectify the inequalities in the workplace, specifically regarding females making only 72 percent of what their male counterparts earn?
PRESIDENT OBAMA: Well, Katherine, this is a great question. And you know, I was raised by a single mom who had to put herself through school while looking after two kids. And she worked hard every day and made a lot of sacrifices to make sure we got everything we need. And my grandmother, she started off as a secretary in a bank. She never got a college education, even though she was smart as a whip. And she worked her way up to become a vice president at a local bank.
But she hit the glass ceiling. She trained people who would end up becoming her bosses during the course of her career. She didn’t complain; that’s not what you did in that generation.
And this is one of the reasons why one of the first — the first bill I signed was something called the Lilly Ledbetter bill.
And it was named after this amazing woman who had been doing the same job as a man for years, found out that she was getting paid less, and the Supreme Court said that she couldn’t bring suit because she should have found out about it earlier, when she had no way of finding out about it.
So we fixed that. And that’s an example of the kind of advocacy that we need because women are increasingly the breadwinners in the family. This is not just a women’s issue. This is a family issue. This is a middle-class issue. And that’s why we’ve got to fight for it.
It also means that we’ve got to make sure that young people like yourself are able to afford a college education. Earlier Governor Romney talked about he wants to make Pell Grants and other education accessible for young people. Well, the truth of the matter is, is that that’s exactly what we’ve done. We’ve expanded Pell Grants for millions of people, including millions of young women, all across the country. We did it by taking $60 billion that was going to banks and lenders as middlemen for the student loan program and we said, let’s just cut out the middleman. Let’s give the money directly to students. And as a consequence, we’ve seen millions of young people be able to afford college, and that’s going to make sure that young women are going to be able to compete in that marketplace.