Well friends, we are still wiping our tears and processing our frustration with this data. 🥲😡 “Year after year, the wage gap shows us just how little value society places on the work that women do,” Jocelyn Frye, the president of the partnership, said in a statement. “Until we take the necessary steps toward closing the gap, women will continue to have a hard time providing for their families’ basic needs as they struggle to save and get ahead.” If change is going to happen, it’s up to us, and the time is now. 🎯#DoBusinessWithWomen #EqualPayForEqualWork #UseYourVoice #TheTimeIsNow #WomenAtWork Voice First World LLC William & Lauren Custom Clothier StitchCrew VEST Shannon L. Rich CMP AJ Griffin, Ed. D. Kim Garrett-Funk Mandi Briggs Pooja Singhal MD FACG, AGAF, DABOM Srijita Ghosh Better Business Bureau Serving Central Oklahoma Pivotal Ventures Melinda French Gates
After years of slowly shrinking, the pay gap between men and women widened in 2023 for the first time in 20 years. Women working full- or part-time were earning 75 cents for every $1 White, non-Latino men earned in 2023. That gap is 3 cents wider than in 2022 — a big change, according to an analysis of new Census Bureau data by the National Partnership for Women & Families, a nonpartisan organization. The figure changes very little year to year. It compares the median earnings for all women with the median earnings for all men, which means it’s a reflection of the kinds of jobs men and women are concentrated in within the workforce. Women are far more likely to be working in lower-paid positions. In 2023, it appears the pay gap is returning to its pre-pandemic “normal” level as many of the low-wage jobs women tend to hold have returned, said Anwesha Majumder, economist at the National Partnership for Women & Families. “But it’s important to note that normal was never working for women,” she said. The gap in 2023 means women lost out on $1.7 trillion in earnings as compared with men. The pay gap also widened last year for every single group of women across racial lines. In 2023, Latinas were paid 51 cents for every $1 White, non-Latino men earned, compared with 52 cents the year prior. Black women were paid 64 cents, compared with 66 cents; Asian women were paid 83 cents, compared with 86 cents; and White women were paid 73 cents, compared with 74 cents. Data on Native American women, Native Hawaiian or Pacific Islander women and women with disabilities will be released later this fall. “Year after year, the wage gap shows us just how little value society places on the work that women do,” Jocelyn Frye, the president of the partnership, said in a statement. “Until we take the necessary steps toward closing the gap, women will continue to have a hard time providing for their families’ basic needs as they struggle to save and get ahead.” ✍️: @chabelicarrazana, economy and child care reporter 📸: Moor Studio/Getty Images
Srijita Ghosh
1mo
we need more salary transparency as a good “first step”. the culture of, it’s taboo to talk about money in the workplace exists to help employers, hurt employees, and needs to change. would love to see a collab between LeadHERboard and Hannah Williams of Salary Transparent Street!
So much work to do.
Something definitely has to change!