Claire Wasserman, founder of Ladies Get Paid is debunking myths claiming the gender wage gap doesn’t exist.
“We’ve been recording the wage gap since 1963 when the Equal Pay Act was enacted. The wage gap is calculated by dividing the national median income of all full-time year-round working women by the national median income of all full-time year round working men,” she explained. “As a whole, yes, it can be broken down further by specific factors like location, education, industry, marital status, and race. For example, Black women, they make 68 cents to the dollar, and Hispanic women make only 55 cents to the dollar. Even after controlling for race, ethnicity, education, and experience, location, women are still making 22% less per hour than men.”
Though the wage gap won’t be closed for quite some time, Wasserman explains that it’s actually very financially beneficial to pay women the same as their male counterparts because it would get many of them off of welfare, which taxpayers pay for.
In terms of what we can do to help close the gap, she encourages women to talk to their company about pay transparency and ask for raises so that more of them end up in power. She also suggests getting into local politics and pay attention to legislation benefiting equal pay.