Women's Equal Pay Day is today, marking the extra three months women have had to work in 2019 to match the amount of money men made in 2018 alone. A new CNBC survey on America's workplace shows women continue to receive lower pay. That's a problem.
Women's Equal Pay Day is Tuesday, marking the extra three months women have had to work in 2019 to match the amount of money men made in 2018 alone.
In part, women's lower average pay is a reflection of structural differences between men's and women's employment, and these data bear that out as well. Women, for example, are more likely than men to work part-time, sometimes by necessity but often by choice. Part-time workers in general make less money than full time workers, and are less likely to be on a career path with the same growth potential that full-time employees have.
Part of the problem in looking at these overall numbers, however, is the different types of work that men and women often are drawn to for their careers, or perhaps funneled into once they join the workforce. Economists have demonstrated that at least part of the reason for the pay gap between men and women is that women are more often working in lower paid fields, and that even within a particular field women tend to work in lower-paid roles.
Of course, there are plenty of legitimate reasons — including tenure, education, and advanced skills — why a man and a woman working in the same field and doing similar jobs might have vastly different salaries, and as extensive as these survey data are they still are limited in the degree to which we can make comparisons.
While Equal Pay Day falls on April 2, Black Women's Equal Pay Day isn't until August, and Latina Equal Pay Day isn't until November, representing the increased imbalance in pay that women of color face even compared to other women. More importantly, women of color are aware of these differences, too. Fully 80 percent of black women say they're aware of the disparity between white men and black women, and 67 percent of Hispanic women are aware of the disparity between white men and Latinas.
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