Equal Pay Day was established to raise awareness about the pay disparities between men and women. “When all people know their country is invested in their success, we are all better off. Together, we must rid our society of the injustice that is pay discrimination and restore the promise that is the right of every American: the idea that with hard work, anyone can reach for their dreams and know no limits but the scope of their aspirations,” said President Obama.
According to an analysis of U.S. Census Bureau by the National Partnership for Women & Families, women employed full-time are paid 79 cents for every dollar paid to men. This amounts to a yearly gap of about $10,762.
The report goes on to state:
“African American women who work full time, year round are paid 60 cents for every dollar paid to white, non-Hispanic men who work full time, year round. Latinas are paid just 55 cents for every dollar paid to white, non-Hispanic men. For Asian American women, the gap is smaller but persists. On average, Asian American women are paid 84 cents for every dollar paid to white, non-Hispanic men.”
ThinkProgress.Org touches on women in the legal profession as compared to men in the profession:
“Overall, women in the profession earn about 87 percent of what men make. Some of that gap may come from the fact that women are heavily concentrated at the bottom of the ladder: Sky Analytics found that women make up 75 percent of paralegals and 46 percent of associates but just 22 percent of partners. It also found that the kinds of work they’re being given differs. Only 7 percent of what the report terms large matters, or those that have teams of 20 or more people, are staffed with teams that are more than 50 percent female. Meanwhile, 81 percent of small matters, with teams of just 5 people, are staffed by a majority of women."
So, what are some ways we can work together to reduce the gender pay gap?
Lisa Quast, contributor of Forbes.com suggests the following:
1) Eliminate salary negotiation for entry-level and early-career type jobs.
2) Teach daughters how to negotiate.
3) Teach salary negotiation in college.
4) Conduct employer pay equity self-audits every year.
5) Don’t be afraid to benchmark your pay.
6) Don’t be afraid to ask for a raise.
7) Speak out when you see gender pay discrimination occurring or about to occur.