Yes, the pay gap is a problem—but how big and expensive of a problem is it, exactly?
Check out the research and stats below. And let’s start changing the narrative today!
The 2020 Gender Pay Gap Report Reveals That Women Still Earn Less For Equal Work
Source: PayScale, 2020
Since 2019, the gender pay gap closed an underwhelming 2%, while the uncontrolled wage gap looms larger and women of color still experience an even wider gap. Also discussed in the report are factors, effects, and impacts of the Coronavirus on women’s earnings.
America’s Women and the Wage Gap
Source: National Partnership for Women & Families, March, 2020
Overall, women in the United States are paid 82 cents for every dollar paid to men, amounting to an annual gender wage gap of $10,194. For women of color, the wage gap widens even more.
The Gender Wage Gap: 2019 Earnings Differences by Race and Ethnicity
Source: Institute for Women’s Policy Research, March 10, 2020
The gender earnings gap has narrowed by a fraction of a percent in 2019 compared to 2018, leaving a wage gap of 18.5%.
WOMEN MAKE GAINS IN THE WORKPLACE AMID A RISING DEMAND FOR SKILLED WORKERS
Source: Pew Research Center, January 30, 2020
“The American workplace has seen a rising need for high-skill workers in recent decades. This report examines the impact of the changing landscape for job skills on gender disparities in the U.S. labor market.”
7 Charts That Show the Glaring Gap Between Men and Women’s Salaries in the US
Source: Business Insider, March 31, 2020
These charts help us understand the gender wage gap based on the factors of geographical location, race, having a growing family, lifetime earnings, and potential for promotion.