My brother and I used to love to play the game of Life. We’d always go to the college route because it didn’t take much to see that going straight into business was going to get you the lowest pay on the board ($12,000, at the time). We’d grumble if we ended up teachers (the next lowest pay at $24,000) and always wished for that coveted doctor salary (the highest pay at $50,000). Ironically, we both became teachers in the real game of Life. But that aside, one thing in that game was always certain: if we both ended up with the same occupation, the pay was the same every payday, for him and for me.
The real game of Life isn’t like that. Today is Equal Pay Day—the date on which the average woman earns what the average man made in the preceding year. Except it’s taken the average woman an extra 98 days to earn it.
We’ve heard much about the gender wage gap; the fact that the average woman makes 77 cents for every dollar a man makes. It’s a number that has stubbornly resisted change for about a decade. And when you break it down further, women of color suffer from an even wider gap than white women when comparing their salaries with white men—64% for African American women and 53% for Latinas. Yes, the gap does close somewhat, if you adjust for education and occupation, but there’s always a gap. Read more »