August 22, 2019

5 black women on how women, employers and colleagues can work together to close the pay gap

By Courtney Connley

In the U.S., the average full-time working woman earns $0.80 to every dollar earned by men. For women of color, this gap is a lot wider as they deal with the dual effects of race and gender in the workplace.

This year, April 2 marked the symbolic date for which the average woman earned the same pay as men from the previous year. Now, after eight months of working into the new year, the average black woman has finally reached the same pay white men earned the previous year. (Native American and Latina women still have to wait until September 23 and November 20, respectively, until they reach equal pay.)

Not only does this pay gap affect the amount of money women earn currently, it also impacts their earning potential for the duration of their career. Currently, the average black woman earns $0.61 to every dollar earned by a white man and stands to lose $23,653 per year. Over the course of a 40-year career, this equals a staggering $946,120 in lost wages, according to data from the National Women’s Law Center.