More or Less: Behind the Stats The Gender Pay Gap
Oct 3, 2021
Joining the discussion is Stacey Vanek-Smith, a reporter for NPR and author of Machiavelli for Women. She shares insights on the gender pay gap, revealing startling statistics that show the persistent disparity between men and women’s earnings. The talk examines the impact of salary transparency measures in the UK and new rules in Colorado, highlighting their mixed outcomes. Stacey also offers practical strategies for women to navigate these challenges, urging them to harness negotiation skills and research to advocate for fair pay.
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Gender Pay Gap Definition and Statistics (US)
- The gender pay gap measures the difference in pay between men and women across all professions.
- In the US, women earn around 80 cents for every dollar men earn, with even lower rates for Black, Latina, and Native women.
Gender Pay Gap Improvement (UK)
- The UK's gender pay gap has improved, surpassing the US.
- In 2020, the gap was 15.5%, up from 17.4% in 2019, equivalent to women earning roughly 85 pence per pound earned by men.
Impact of Pay Transparency
- Pay transparency requirements for companies with over 250 employees are believed to contribute to the UK's progress in closing the gender pay gap.
- This transparency forces companies to acknowledge and address pay disparities.
