Don’t Hold Your Breath For Equal Pay! Gender Wage Gap Will Take 40 Years To Close
If you’re a Millennial, you won’t get to witness the gender wage gap close until you’re down in Florida collecting your Social Security benefits. A new study finds that wage equality for both men and women will not take place until 2058, Bustle reported.
For perspective, if current trends continue, women won’t be paid the same as men until Beyoncé is 76 years old. And her daughter, Blue Ivy, will be 46 years old. Yikes! “If that isn’t enough to piss you off, I don’t know what is,” Bustle added. These stats come from a new report commissioned by the Institute for Women’s Policy Research (IWPR) entitled The Status of Women in the States.
Today, women make 78 percent of what White men make. But when zooming in on workers of color, the picture is more disheartening. Black women make just 64 percent of White male earnings — Native Americans and Latinas make just 59 and 54 percent, respectively.
Granted, IWPR points out that the gender pay gap has improved slightly over the past decade, but the trends show sluggish progress that suggest that gender pay equality is a long time comin’.
The comprehensive data set, which looked at the economic status of women in all 50 states, found that Florida, based on current trends, will be the first state to close its wage gap — but that will take almost a quarter of a century. Women workers in Florida make 85 cents to a man’s dollar, much better than our national average, which is 78 cents to the man’s dollar — a gender gap of 22 percent.
Completing the top five, after the Sunshine State, are California (2042), Maryland (2042), Arizona (2044), and Nevada (2044), The Daily Beast said.
Wyoming, on the other hand, gets a big fat F when it comes to the potential for gender pay equality. “The state will not have equal pay between men and women until the year 2159. Also known as 144 years from now. Like maybe your grandkids will see it? Maybe?” Bustle said.
Playing devil’s advocate here,the gender wage gap might be so wide because women are less likely to choose white collar, high paying jobs. But according to The Daily Beast, even studies that do take occupational, educational, and lifestyle discrepancies into consideration, there is still a five to 12 percent salary gap.
The reality is that women aren’t even close to earning the same pay as men — at least not in our lifetime.