Black Women and Equal Pay Day – Fighting to Close the Gap

By: First Union


Black Women and Equal Pay Day – Fighting to Close the Gap

What is Equal Pay Day—this year it was April 2; this represents the day in 2019 until which a woman had to work to earn the same that her white, male counterparts earned by the end of the previous year. Definitely eye-opening. And for black women, that date is August 22—even more eye-opening.

Broken down as far as dollars and cents: black women earn 61 cents for every dollar a white man earns. One would think that with all of the strides made, this gap would be closed; however, in 2018 Equal Pay Day for black women was August 7, and even earlier in 2017.

The fact of the matter is that people just aren’t being paid fairly. And something needs to be done to address the situation—quickly.

Hashtags such as #BlackWomensEqualPay are trending, and numerous people, celebrities and activists alike, are getting behind them. The upside is that more and more women are sharing their stories across social media. And thus, attention is increasingly being paid to the issue. Calls are being made for this conversation to move to the national spotlight, and with good reason.

Many want to address the system as a whole, citing flawed policies and missing initiatives. Minimum wage is one such issue that needs to be addressed; raising it to $15 is an important step according to some experts. Also, pregnancy and family leave policies have to be revisited as they’re simply not meeting the needs of today’s workforce. Black women especially are more likely to serve as the head of household. Having adequate paid leave and more affordable childcare would help immensely.

Yes, the wage gap needs to be dealt with. The fact that there even is an Equal Pay Day is a sad commentary on where we currently stand. But we also need to look at other factors driving this wage gap and figure out how to more broadly balance issues of race, gender and pay in the workforce.

First Union has helped many business women to grow their business. We offer a variety of financial solutions that a tailored to your needs. Learn more by clicking here or call us at 863-825-5626 to speak to one of our financial experts.

Becky: Hi! Let's find the best loan option for you

Google 4.8 star rating
Trustpilot 4.6 star rating

First Union Lending LLC is a dually licensed Lender/Broker with its main offices located at 4900 Millenia Blvd First Floor Orlando, FL 32839. First Union Lending LLC and its ads are meant for continental United States, including Alaska and Hawaii small business owners. Business Loans offered by First Union Lending LLC have varying rates and terms that can range from 30 - 120 payments and all rates and terms are based on eligibility of the business and its owners. The actual terms are based on credit, business history, industry, amount and terms. As an example, a $5,000 loan paid over 5 years at 8% would have a total repayment of $6,082.92 over the life of the loan. We use the latest encryption to protect sensitive information transmitted online, as well as run our own secure server network to ensure your information is protected offline as well. California loans made pursuant to the California Financing Law, Division 9 (commencing with Section 22000) of the Finance Code. All such loans made through VBJ Consulting, LLC, a licensed finance lender/broker, California Financing Law License No. CFL#60DBO78163

Copyright © First Union Lending, LLC. 2023