Myth vs Reality: The Gender Pay Gap IS REAL

Equal pay for equal work – especially for Black women – is NOT reality, despite legal frameworks like The Equal Pay Act of 1963. Black women live at the intersection of sexism, racism, and discrimination. Physical disabilities, invisible disabilities, and identifying as members of the LGBTQ+ community are additional elements pushing Black women further down the pay ladder. This has got to change!

The Gap

Imagine having to work 19 months to make the same amount of money as your male co-worker does in 12 months. This is the reality we live in today. Black women earn 37% less than that of non-Hispanic white men in similar jobs. When we look at the general women vs. men category across the country, that difference in pay drops down to 17%. The combination of discriminatory employment practices, inadequate legal protections, and persistent racial stereotypes not only create this pay gap but have allowed it to grow and widen. We have to overcome not one but two hurdles in this race to eliminate the gender pay gap.

The Impact

When looking deeper, we can see that income disparity and historical injustices such as slavery, segregation, redlining, unequally distributed government assistance, and several layers of institutionalized and systematic discrimination create a clear divide in wealth. This divide in wealth thrives off of the gender pay gap and, unfortunately, continues to devastate generations of Black families across America today.

Without sizable wealth, Black families can’t afford to send their children into higher education. Getting the specialized training or certifications required for some “good jobs” available in the market remains out of reach for us. Regardless of the size of our households, Black women – and really, women as a whole – also have to deal with the motherhood penalty, which is where working mothers are paid less than their non-mother peers.

Even with the obstacles we face in education and employment, Black women are the most highly educated demographic in the nation and make inroads into corporate America. Black women and our successes in the workforce are testaments to determination.

Closing the gender pay gap is just one step that needs to be made to help Black Americans build generational wealth.

Closing the Gap

To put an end to the gender pay gap in America, there are a few key things we need:

  • Pay transparency
  • The end of workplace segregation
  • The elimination of unfair workplace practices
  • Sufficient local, state, and federal minimum wages
  • Robust support systems sensitive to caregiving responsibilities

Let’s support Equal Rights Advocates fighting to make these things happen. Yes, the gender pay gap is real, but so is the resourcefulness, tenacity, power, and ability of Black women to disrupt the status quo and make a dream a reality.

We are game-changers, so let’s change the game.
OneUnited Bank

OneUnited Bank, the nation’s largest Black-owned bank and FDIC insured, understands we have to focus on money and technology to close the racial wealth gap. With your support, by simply opening and actively using a OneUnited Bank account, we will continue to accomplish our mission!

No Comments

Sorry, the comment form is closed at this time.

 

If you're ready to #BankBlack with OneUnited Bank, then open an account today!

Open an Account