The world celebrated Black Women’s Equal Pay Day on July 31 by sharing bits of information about this particular branch. Several reports surfaced the media to reveal the current financial situation of African-American women within the labor market. This celebration is about reminding people that it is not about who we are but how much each person is willing to work to achieve a point of comfort for them.
Black Women Need Seven Extra Months to Unlock Same Earnings as White Men
Black women are under the radar within numerous macroeconomic trends. Therefore, their situation within the job market is dependent on a series of factors. The date of July 31 was chosen on purpose to mark the Equal Pay Day for Black Women. If both white men and black women started working for the same position on January 1, they would need seven months until July 31 for both groups to attain the same level of earnings.
Several reports indicate that for every dollar white men earn, African-American women make 67 cents. This financial gap reflects the modern work environment that became biased. Serena Williams is one of the most famous tennis stars in the world. She confessed for a publication on Monday that she had a vast experience with pay discrimination which put her through a lot of struggles.
“For every black woman that rises through the ranks to a position of power, there are too many others who are still struggling.”
The Equal Pay Day Revealed that African-American Women Are at the Intersection of Three Types of Discrimination
The director of the Program on Race, Ethnicity and the Economy at the Economic Policy Institute, Valerie Wilson, stated that the past years accentuated the gap between poor and rich citizens. The executive at the Washington, D.C. think tank continued the idea by revealing that African-American women constitute only a small percentage of top earners.
Besides the wage inequality, black women have to face the struggles of other two types of discrimination which are race and gender. Consequently, the Institute for Women’s Policy Research considers that it would take another seven years for black women to reach the same average pay as white men.
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