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Closing the Wage Gap for Black Women

2023-09-14

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September 21st marks the date of National Black Women's Equal Pay Day. This day is to show awareness of the economic disparities working Black women face.

https://img.particlenews.com/image.php?url=4Rjrsj_0oSrMwtC00

According to Equal Pay Today, Census data from 2022 shows a wage gap for Black women compared to non-Hispanic white men. The gap is .67 cents for full time, year-round workers and .64 cents for all workers (including part time). Basically, for every .64 cents a Black woman makes, another person makes a dollar. The average Black woman must work nearly seven full months longer to earn the same as the average man earns.

There has been a long staying discrimination and occupational segregation in our country. Women have been segregated into low paid and underrated jobs for centuries. Data shows us that this is never more evident within the Black women workforce. This has a profound effect on an individual, their family, and the economy. Raising awareness about solutions is what Black Women's Equal Pay Day is all about.

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Black women have been losing money

According to the Colorado Black Women for Political Action (CBWPA), Black women lose almost one million dollars to the wage gap. Over history, workplace discrimination has robbed time and money away from many Coloradans and their families. Data from The Women’s Foundation of Colorado:

Black women lose over $1.8K a month or $900k over their career
Native women lose $2.4K a month or $1.15M over their career
Latinas lose over $2.4K a month or $1.2M over their career

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According to State of Women Owned Business report of 2020, Black women are the fastest growing entrepreneur group in the United States. Despite this, Black women continue to face racism and discriminatory barriers in business. It is time to put a stop to this disparity by bring awareness and talking to our legislators to pass Equal Pay for Equal Work Acts across the nation.

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Colorado Senate Bill 23-105

Colorado recently passed Senate Bill 23-105, which amends Colorado’s Equal Pay for Equal Work Act. The law, signed by Governor Jared Polis, modifies pay transparency requirements for job listings and internal promotion opportunities. The Colorado Equal Pay Act amendments will come into force on January 1st, 2024. Supporters of Senate Bill 23-105 feel this will help with pay equality, especially for women of color.