![]() Pay transparency measures, like the law recently passed by California, can help as well according to Hoffman. ![]() Hoffman highlighted some of the ways to close the pay gap. ![]() So for example, six in 10 Black women aged 25 to 54 reported difficulty paying regular household expenses." Hoffman said the survey shows "despite greater access to the labor market and a narrowing of the wage gap this year, many women are struggling to pay regular household expenses, with Black and Latina women feeling the greatest strains. Lauren Hoffman, associate director for women's economic security with the Women's Initiative at The Center for American Progress, also pointed to the Household Pulse Survey from the Census Bureau, which has been surveying people about how their lives have changed during the pandemic. Edwith Theogene, senior director of racial equity and justice at the Center for American Progress, told Insider the pandemic recovery in the US has been faster "than other recoveries that we've experienced in the past, and it also has been a more equitable process due to the leadership of the Biden administration and strong leadership that we have throughout the country." However, Theogene added that inequities still exist in the labor market and thus "a return to pre-pandemic levels should not be the goal because the gender gap and the racial wealth gap persisted and existed then." The pandemic and its recovery brought long-running racial and gender inequalities to the fore. That rate is still not back to the pre-pandemic figure, standing at 62.0% as of August 2022. The labor force participation rate for Black women age 20 and over, which measures the share of that demographic group who are either working or actively looking for work, dropped from 63.9% in February 2020 to 59.3% two months later in April 2020 when employment across industries took a hit from the pandemic. Mason said the money lost due to the pay gap affects "their ability to build wealth." It also impacts "their ability to save for the future," including for retirement or paying for their children's college, and "ride out an economic storm," like the pandemic, according to Mason. The over $900,000 in loses over a 40-year career for Black women from the pay gap can negatively impact Black women financially. Nicole Mason, president and chief executive officer of the Institute for Women's Policy Research, told Insider. "The pay gap for Black women is the result of a few issues: racial and gender discrimination, the intersection of those two in the workforce, and also labor segmentation," C. It often indicates a user profile.Īccording to NWLC's analysis on earnings from full-time, year-round workers, Black women lose over $20,000 a year in losses relative to non-Hispanic white men. Account icon An icon in the shape of a person's head and shoulders.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |