Where Every Woman Has A Voice

 


WAGE DISPARITIES

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Posted October 15, 2011 by felicialavette in Biz & Money

Despite efforts to equalize earnings, a persistent wage gap exists between women and men.  Recent Census data indicates that women earn 77 cents for every dollar earned by men. This gap is more pronounced for women of color with Black women earning 61 cents and Hispanic women earning 52 cents for every dollar paid to a white male. The negative impact of the gender-based wage gap is exacerbated for women of color, who face lower lifetime earnings overall, occupational segmentation, and unequal access to assets and other wealth builders.

As more women become primary wage earners for households across the country, eliminating the pay gap becomes even more crucial to sustaining healthy and prosperous communities. Aligning the income distribution with the gender composition of the workforce is particularly needed now in these tough economic times to ensure economic security, opportunity, and prosperity for all.

 

THE WAGE GAP AND LIFETIME EARNINGS

According to Census data, for each dollar a male earns, a female receives only 77 cents. The wage gap is even wider for women of color, with Black and Hispanic women receiving 61 cents and 52 cents, respectively, for every dollar paid to a white male.

Black and Hispanic women report lower weekly and annual earnings than all other groups. In 2010, the discrepancy in median weekly wages between white males and Hispanic women was as great as $342. Annually, Black and Hispanic women continue to fall short of the national median income level ($49,777 in 2009), with Hispanic women earning the lowest median income among all groups at just $27,181 in 2009, according to the most recent available data.

These wage disparities grow exponentially over time and limit the ability of women of color to attain economic security. It is estimated that women overall lose an average of $434,000 in income over a 40 year career as a result of the gender wage gap. In more than 10 states, the career wage gap exceeds $500,000. Women who work full time earn less than men in comparable positions and at every educational level. College-educated women earn less than men from the time they enter the workforce through retirement, earning just 80 percent as much as men their very first year out of college. A decade later, the gap widens even more, with college-educated women receiving less than 70 percent of men’s earnings even after controlling for factors such as occupation and parenthood.

 

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WOMEN OF COLOR POLICY NETWORK, NYU WAGNER

295 Lafayette Street, 3rd Floor, New York, NY 10012

212.998.7511

wagner.nyu.edu/wocpn

http://wagner.nyu.edu/wocpn/publications/files/Pay_Equity_Policy_Brief.pdf

 


About the Author

felicialavette

I cringe at the thought of writing my bio, because how can I truly explain how multidimensional I am in just a few short sentences. First, I am a child of God. Next, I am a wife and a mother. My passion is Sister Girl News and educating others. The way to my heart is chocolate, barbeque chicken, and Dr. Pepper soda. My daily goal is to ensure that everyone who meets me always walks away laughing.

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