Many other factors, including redlining, systemic inequalities in banking, and more have contributed to the ongoing gap - and Black Women’s Equal Pay Day is a reminder of the work that still needs to be done today. For example, in June this year, we commemorated the centennial of Tulsa’s Race Massacre, where the city in Oklahoma’s Greenwood District, also referred to as “Black Wall Street,” was violently destroyed by a racist attack. Despite the progress made, the repercussions of those days are still prevalent in the lives of Black Americans, who, for years, haven’t had access to wealth-building opportunities. This is painful reality is rooted in a deep history of slavery and segregation. Companies like Salesforce took action including investing in Black-owned businesses.Īccording to the Harvard Business Review, the net wealth of a typical Black family in America is around one-tenth that of a white family, and wealth inequalities between Black and white households haven’t improved over the past 70 years. Over the last year the racial wealth gap came into sharp focus as our society confronted systemic inequalities. The gender wage gap and racial wage gap are both very real, and are more pronounced when they intersect. Meanwhile, Black women only earn 63 cents for every $1 white men earn. ![]() Generally, Black men earn 87 cents for every $1 white men earn, and white women earn 82 cents to that same dollar. In 2021, Black Women’s Equal Pay Day falls on August 3. On average, Black women have to work until August to earn what white men earned the previous year. However, Black Women’s Equal Pay Day falls even later in the year. You Can Donate Unused Loyalty Points and Rewards to Support Social Justice Causes.In March, we recognized Equal Pay Day - a day that symbolizes how far into the year women have to work in order to earn what men earned the year before. More from Money:Īttention, Bosses: Here's How to Design a Diversity Policy That Actually Makes a Differenceīecoming a Homeowner Isn't Easy. To learn more about the equal pay dates and the causes they represent, visit Equal Pay Today. These are just a few ways you can advocate for yourself, and potentially even cause real change for those who come after you. You could even try asking, "Is this what is making?" It’s a tactic that worked for a yoga teacher Money interviewed just last year - she wound up making 15% more because her employer had to admit to paying a male instructor that much more than what had been offered to her. And if you're given a number, no matter how appropriate it may seem, ask if it's the best they can do. Request more than you initially planned to, for example. Negotiating for a higher salary is never a comfortable conversation - even if it is well-deserved - but it can be as simple as asking the right questions. Once you're armed with more information, it's time to speak up. It's a great practice to look before you go into an interview, but it's also a good idea to check in periodically to make sure you're being paid appropriately for a job you already have. ![]() A website like Glassdoor, for example, will use information submitted by employees to create a breakdown of salaries for certain companies or job titles. There are plenty of sites out there that will help you determine what you should be making, given your job or industry and years of experience. But if sitting idly by isn't your cup of tea, there are certain things you can do to make sure you're making what you're worth: The responsibility for closing that gap largely falls to lawmakers and leaders in the workplace. For Native American women and Latina women, meanwhile, Equal Pay Day doesn't come until well into the fall. For working moms, who make 70 cents to the dollar, that date is June 4. The worse the pay gap, the further into the next year the woman would have to wait to make the same amount of money as her white male counterpart.
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