It is possible that the gender pay gap gets bigger as women return back to the workforce after COVID. Women are currently earning just 82 cents for every dollar that their male counterparts are earning. While the gap has narrowed by 2 cents, it’s expected that COVID will have a negative impact as many jobs have been lost due to the pandemic. The gap is expected to increase the most for women that are aged 45 and older with Native American women being affected the most.
Key Takeaways:
- While the uncontrolled wage gap for women is at 82 cents per dollar, the controlled one is at 99 cents per dollar.
- Woman over the age of 45 face a larger wage gap than that of men of the same age.
- Black women faces the most gap when controlled while native women for uncontrolled.
“The gap has narrowed by 2 cents since 2015, but it may get larger as women were disproportionately impacted by COVID, losing 58% of the 3.5 million of the total jobs lost in the United States due to the pandemic.”