National Partnership analysis reveals women lost $1.7 trillion in earnings in 2023
WASHINGTON, D.C. – September 10, 2024 – A new analysis from the National Partnership for Women & Families (NPWF) reveals that the wage gap for all women workers is now 75 cents, 3 cents wider than last year, and the first time the wage gap has grown in over 20 years. Even full-time, year-round workers experienced a 1 cent widening of the wage gap to 83 cents last year. The gap also means women missed out on almost $1.7 trillion in earnings in 2023.
NPWF analyzed Census Bureau data, released today, to determine what women in the workplace are paid compared to men, and found that women continue to experience unfair pay practices and unequal pay. In addition to sexism and gender discrimination contributing to the wage gap, it remains larger for all women of color due to racism. These groups continue to face the widest gaps and this year, the wage gap widened for each of them:
- Latina women workers are paid 51 cents for every dollar paid to white, non-Hispanic men
- Black women workers are paid 64 cents for every dollar paid to white, non-Hispanic men
- Asian American women workers are paid 83 cents for every dollar paid to white, non-Hispanic men
- White women workers are paid 73 cents for every dollar paid to white, non-Hispanic men
- Overall, women are paid $14,170 less than men
“Women are often the main earners for their families, so every cent counts toward the things that they need to provide for them. The wage gap is holding them back,” said Jocelyn Frye, president of the National Partnership for Women & Families. “Year after year, the wage gap shows us just how little value society places on the work that women do, and until we take the necessary steps toward closing the gap, women will continue to have a hard time providing for their families’ basic needs as they struggle to save and get ahead, and it will continue to take a devastating toll on their families and our economy for generations to come.”
“These numbers further demonstrate how policymakers continue to fail women,” says Anwesha Majumder, economist at the National Partnership for Women & Families. “The choices they make and the failure to implement policies that support working families harms women workers and our economy as a whole.”
New wage gap data on Native Hawaiian and Pacific Islander women and Native American women will be released later this week, and combined wage gap data on Asian American, Native Hawaiian and Pacific Islander Women, disabled women and moms won’t be available until later in the fall.
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