Women have never ruled the workforce more than we have now. Women are in positions of power and we are working our way up the corporate ladder proving ourselves to be just as successful as men when it comes to managing employees.
Over the years, workingwomen around the world have made many great accomplishments, but there is still a gap that needs to be discussed.
According to the Census Bureau, the median income for working women is 23% less than the median income of the working man. This information and the rest that follows can be daunting, but do not let it stop you from reaching your financial goals.
Let it serve as inspiration and motivation to get exactly where you want to be in your career!
Salary Gap Numbers Identified…
According to the American Association of University Women’s article “The Simple Truth about the Gender Pay Gap”, when a white, non-Hispanic man earns $1….
…An Asian-American woman earns 87 cents
…A white woman earns 78 cents
…A black woman earns 64 cents
…A Hispanic woman earns 53 cents
According to the U.S. Bureau of Labor Statistics, the median weekly earnings for full-time American workers ages 25 and older:
With less than a high school education:
Men: $508
Women $386
With a high school diploma:
Men: $735
Women $561
With a Bachelor’s Degree:
Men: $1246
Women: $931
With a Doctoral Degree:
Men: $1778
Women: $1431
According to the National Women’s Law Center, “The Wage Gap By State for Women Overall” released November of 2013; some states have larger wage gaps between men and women than others:
Best States (20 cents or less):
-California
-Nevada
-Arizona
-Colorado
-New Mexico
-Maine
-Vermont
-New York
-Connecticut
-Delaware
-Maryland
-Georgia
-Florida
-North Carolina
-Hawaii
Second-Best States (20.1 to 23 cents):
-Washington
-Oregon
-Texas
-South Dakota
-Nebraska
-Minnesota
-Iowa
-Wisconsin
-Illinois
-Tennessee
-South Carolina
-New Hampshire
-Massachusetts
-New Jersey
-Virginia
Not So Good States (23.1 to 30 cents):
-Montana
-Utah
-Idaho
-Kansas
-Oklahoma
-North Dakota
-Missouri
-Arkansas
-Mississippi
-Alabama
-Michigan
-Indiana
-Ohio
-Kentucky
-Pennsylvania
-Alaska
Worst States (30.1 cents and more):
-Wyoming
-Louisiana
-West Virginia
According to Fortune 500, of the Fortune 500 companies, only 24 of them have women CEOs.
Well, doesn’t look too promising for us women, does it? Who cares what statistics say! We are all members of City Girl Savings to start getting on track with our finances. We need to understand what is in store for us in the workplace, so we can work that much harder and succeed past these statistics!
Related: 5 Tips to Negotiate Salary
What do you think about these numbers? Have you experienced a “women vs. men” environment in your current or previous positions? Let’s discuss this and get our feelings out! Leave a comment below to share your thoughts.
2 thoughts on “Women vs. Men – The Salary Gap”
Women need to get paid the same as men! Point, blank PERIOD!
It’s really sad that the world still takes the stand when it come to men vs women’s pay. How does it make any sense for a woman to be doing the exact same job as a man but getting paid less?