It’s women’s history month, a perfect time to sit down and take a look at how we’re doing with equality in the workforce. Specifically, if we’ve made any kind of dent in the gender pay gap.
Unfortunately, despite attempts to increase the number of loans for women-owned businesses and initiatives to equalize pay across the genders, we still have a significant national gap of 18%. That means women make 18% less in their yearly earnings than men.
With all the economic turmoil brought on by COVID-19, it’s hard to say if women’s progress will be a top priority for businesses that are cutting costs to weather the storm. Progress is slow going, but how slow? Let’s dive into the data.