Tuesday, October 26, 2021
This week, Make It work editor Hanna Howard takes a look at where progress toward pay equity stands in 2021. You can follow her on Twitter at @_hannahoward.
Last week, on Thursday, we marked Latina Equal Pay Day, the date on which the average Latina in the U.S. has to work in 2021 to match what an average white, non-Hispanic male made in 2020.
Of course, even that number doesn't capture the whole story: as my colleague Brandon Gomez reported, though the average is 57 cents to the dollar, Honduran and Guatemalan women can expect to only make 44% and 47% what a white man does, respectively. Argentine women, on the other hand, come closer to closing the pay gap at 83 cents for every dollar paid to a white man — though that number is only 1 cent more than the average for all women.
Here at Closing the Gap, we pay close attention to these days that mark how far women still have to go in the fight for pay equity. But while it's important to observe these dates, it's also, well, exhausting.
Here's what the pay gap calendar looked like in 2021: March 9: Asian American and Pacific Islander Women's Equal Pay Day, 85 cents to the dollar March 24: All Women's Equal Pay Day, 82 cents to the dollar Aug. 3: Black Women's Equal Pay Day, 63 cents to the dollar Sept. 8: Native Women's Equal Pay Day, 60 cents to the dollar Oct. 21: Latina Equal Pay Day, 57 cents to the dollar
In 1963, the Equal Pay Act was signed into law, mandating that men and women receive the same compensation for the same work. It's not that we haven't made progress since then, but as the coronavirus pandemic has shown us, we are still very much in a place where any progress for women is tenuous at best. Nearly 300,000 women left the workforce in September 2021 alone, showing that the impacts of the Covid-19 crisis, especially on women with caregiving responsibilities, are far from over.
So how do we move forward? As Jasmine Tucker, director of research at the National Women's Law Center, told Gomez, it's going to take action on all levels: federal, state, employer and individual. And there is some hope for an economic rebound — according to a recent MetLife survey, though nearly 1 in 5 women respondents reported being pushed out of the labor force, 2 in 3 of those same women say they plan to return. Will the new jobs those women are looking for be the thing to spark fresh progress toward pay equity? Only time will tell.
Are you looking for a new job or a career change? How are you thinking about pay right now? Share your thoughts with us at askmakeit@cnbc.com. More articles from Closing the Gap Jennifer Garner on helping lead her own start-up: 'I've gotten much better at having hard conversations' Jennifer Garner may be best known for her acting roles on the big and small screens, but in 2018, she took an entrepreneurial turn, becoming co-founder and chief brand officer of organic, cold-pressed food company Once Upon a Farm. Garner talked with Make It's Jade Scipioni about how she launched her acting career, transitioning to entrepreneurial life and being a working, single mom to her three kids. 4 book recommendations from Emma Grede, the first Black woman investor on 'Shark Tank' Emma Grede may have just made history as the first Black woman investor on "Shark Tank," but the 39-year-old co-founder and CEO of Good American and founding partner of Skims says, "There's nothing I love to do more than read." Grede shared the four books she looks to for guidance with reporter Brandon Gomez. For the first time, 30% of all S&P 500 board directors are women The 2021 Spencer Stuart U.S. Board Index reveals that S&P 500 boards are making continued progress toward increased gender and racial diversity. For the first time, 30% of board directors are women and in 2021, 47% of new independent directors identify as Black/African American, Asian or Hispanic/Latino.
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Selasa, 26 Oktober 2021
Equal pay when?
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