Equal Pay Day highlights the wage discrepancies that exist between men and women in the workforce. This year, the event was observed on April 10, and marked how far into the current year women had to work to earn what their male counterparts made in 2017. The National Committee on Pay Equity, which established the event in 1996, notes that Equal Pay Day is always observed on a Tuesday, to represent how far into the next work week women must work to earn what men earned the previous week.
Overall, women still earn just 82 percent of what their male counterparts take home, according to calculations by the Pew Research Center. That number is even less for minority women. For African-American women, Equal Pay Day won’t be observed until August 7th, and for Native American and Latina women, Equal Pay Day won’t be observed until September 7th and November 1st, respectively.
This disparity points up the need for all women to support our sisters of diverse ethnicities. We can gain strengths by working together and supporting each other’s advancement. Currently, gender disparities receive more attention (and lip service) than race. “More companies prioritize gender diversity than racial diversity, perhaps hoping that focusing on gender alone will be sufficient to support all women,” Sheryl Sandberg wrote in an op-ed for The Wall Street Journal. “But women of color face bias both for being women and for being people of color, and this double discrimination leads to a complex set of constraints and barriers.” We need to band together to eliminate this injustice to women of color.
For a few years it seemed that Millennial women were encountering less wage disparity than older women. However, data from the Bureau of Labor Statistics shows that today women between 25 and 34 are losing ground when it comes to pay equality. Women in that age group made just under 89 cents on a man’s dollar in 2016, down from a high of 92 cents in 2011. That means their gender gap in median weekly earnings is the widest in seven years.
This inequality is unexpected, especially since female Millennials are highly educated and encounter far fewer barriers to the workforce than in any prior generation. According to a Bloomberg report, Heidi Shierholz, senior economist at the Economic Policy Institute in Washington and a former Labor Department chief economist during Barack Obama’s administration says that this group’s temporary rise might have resulted from decreases in men’s wages in those years. “Men just had been losing ground” Shierholz notes, “and instead are doing better now.”
Whether Millennial, Gen X, or Boomer, woman or man, the pay gap matters, and reducing it should be a top priority for anyone interested in the well-being of women, families and communities. The Institute for Women’s Policy Research (IWPR) projects that the U.S. economy would generate additional income of more than $512 billion if women received equal pay. And if that doesn’t get your attention, a recent McKinsey study showed that stricter workplace gender equity practices could add $12 trillion the global GDP by 2025 (seven short years from now) with stronger workplace gender equity practices.
At this point, no female demographic is exempt from this wage gap, and few, if any fields are immune. That means we all need to work together to change the status quo. We, yes women andmen, need to recognize and acknowledge the problem so that we can work together to correct it. Equal pay for equal work is a unifying goal everyone can support.
Below are three organizations working to educate us about the disparities so we can eradicate them. Please check out their resources and use them in your work to eliminate your gender pay gap.
Bottom line, women have generated a lot of momentum right now, and we can use that in our work towards equality in all sectors. Equal pay for all women of every ethnicity needs to be a top priority. Equal Pay Day is a reminder that we have work to do and we need to point out the injustices, ask for what we want, make our case for why women and men of all races deserve equal pay, and settle for nothing less!