Whereas, Black women earned 56 cents for every dollar received by a white man in 1980-but that’s only gone up to 64 cents, as of 2021. What forward momentum we’ve seen has been significantly greater for white women: They made, on average, 60 cents for every dollar earned by a white man in 1980, but that number jumped up to 73 cents by 2021. ![]() Part of the reason Black Women’s Equal Pay Day is so important to recognize in 2023 is because of how little the date has moved up in recent years-and in turn, how little progress has occurred when it comes to narrowing the gender-race pay gap, specifically. Ty Heath, Director, Market Engagement, The B2B Institute at LinkedIn.“I hope that our view of Black women and women in general will change in society-because if we are seen as valuable, then our work will be fairly compensated. “I think what the wage gap tells us is that women are not valued equally,” says Shonibare. It’s time to close the wage gap for good. Also, raising the minimum wage helps close the gap because women, and Black women in particular, are overrepresented in the lowest-paid jobs. Affordable childcare is also key, as about 80% of Black women are the breadwinners for their families, yet the majority of caregiving duties also remain on women’s shoulders. ![]() Salary transparency laws, not basing compensation on salary history, and pay equity audits are all a step in the right direction, as is creating equitable pathways for advancement to leadership positions within organizations, which typically pay more. In order to get closer to equity, there are a number of ways to help close the gap. The wage gap is just such a clear calculation of the degree of inequality that remains, and you still see it when you dice it by educational attainment and by occupation, because Black women are being paid less in any of those comparisons.” We have not achieved equality in this country. “This Black Women's Equal Pay Day is a really stark reminder that we have a lot of work left to do. ![]() “We just had the Supreme Court's decision striking down racially-conscious admissions in higher education, which has spurred a lot of threats from the right wing about corporate diversity and inclusion programs, and conversation about whether maybe we're done with all that,” says Martin. I’m only 22, but I’m thinking about these things.”īlack Women’s Equal Pay Day may be especially important in 2023 in terms of continuing to raise awareness about long-existing inequities. ![]() Making less money will affect how much I’m able to save and what kind of retirement I’ll have. “Even when I have a law degree, I know I’ll be paid less than a male lawyer doing the same work I’m doing. “My friends and I wonder if we’ll ever be able to afford to have a child or buy a house in a city as expensive as New York,” says Shonibare. Shonibare says many of her classmates also share her financial concerns.
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