In honor of Equal Pay Day, which is today, here's what equal pay looks like for workers during the coronavirus:
Regardless of how you might slice the data, the bottomline line is women still make less than white men. Like that elephant, the reasons that perpetuate the gap are nuanced depending on your perspective or how you run the numbers. When looking at any equal pay ratios, it’s important to look for controlled versus uncontrolled numbers. Controlled means an attempt was made to compare average or median salaries based on a similar job role.
The reason why you need both numbers is while women are reaching parity in some professions and industries, as we can see in PayScale’s, that doesn’t account for female representation or promotion within an industry. Many of the industries that can point to a near zero controlled pay gap, but it does not reflect how women are advancing up the management ladder. Lack of opportunities or what PayScale often calls promotion velocity is slowed, particularly for women of color.
But wages alone don’t fully close the pay gap. Promotion opportunities are the important new frontier of fully closing the gap. By increasing successful access to management opportunities, women can gain access to higher jobs and close the gap more quickly. PayScale’s report this year continues to show a trend around how the uncontrolled pay gap widens for women as they try to advance up into management and organizational leadership.
gap at junior and mid-level job levels, but are not advancing up to higher paid management and executive levels.Again, the elephant equal pay has many textures and perspectives. Because of the coronavirus and ensuing pandemic, there is a spotlight on the importance of frontline support jobs, many of which are performed by women. The National Women’s Law Center
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Equal Pay Day Is in March—But Equal Earnings Day Is Not Until OctoberOnce you factor in other forms of earnings (such as health insurance, retirement account contributions, bonuses, and self-employment income), men actually earn 75 percent more than women—meaning that women on average earn only 57 cents on a man’s dollar. If Equal Pay Day was based on a more comprehensive measure of the earnings gap, the day would fall much later in the year—more like October.
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On Equal Pay Day, What Is The Real Gender Pay Gap?This year Equal Pay Day is March 31. Due to gender differences in wages, women, on average, have to work until March 31 to earn what men earned in the previous year alone. However, some argue that this calculation is overblown and that the gender pay gap is much smaller.
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Today is Equal Pay Day for women and it's not a day to celebrateAmerican women must work an extra three months into 2020 to earn the same salary as men did in 2019.
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Companies offer cash-strapped employees daily pay cards and other flex-pay options as a lifelineCompanies such as ADP, Fiserv, Green Dot and others are rolling out pay cards and virtual bank accounts to allow workers to take out pay they've already earned whenever they need it instead of waiting weeks for their next payday,
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South Korea to pay cash to families, bring in extra budget reliefSouth Korea will make an emergency cash payment to most families and draw up a second supplementary budget next month in a bid to ease the drawn-out economic impact of the coronavirus outbreak, President Moon Jae-in said on Monday.
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