Yesterday, March 31st, 2020, marked Equal Pay Day, a day representing how far into the new year women have to work to earn the same amount of money men did the previous year. Almost four months into 2020 women finally equaled men’s 2019 earnings, due to the pervasive gender pay gap that results in women earning approximately 82 cents to every man’s dollar, which equates to a loss of $407,760 over a 40-year career. For women of color, this is a loss of nearly or over $1 million.
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The Perfect Balance
Women who work full time are paid about 80 cents for every dollar a man makes, which adds up to over $400,000 in missed wages over a woman’s career. For minority women, the loss is about $1 million in missed wages, according to the National Women’s Law Center.
There’s a 7 percent gender pay gap among Uber drivers, but it’s not due to gender discrimination in the company’s algorithms. A recent study titled “The Gender Earnings Gap in the Gig Economy: Evidence from More Than a Million Rideshare Drivers” reveals three factors for why women drivers are paid less than men, all of which result from gender-based preferences.