We found that even in the same lines of work, the gender wage gap can stretch to nearly $140,000 a year.
And for women of color – the results are the starkest.
Among financial managers, Black women are paid 39 cents to every dollar earned by a White male financial manager.
And while the wage gap by gender is narrower in some professions where women have historically been overrepresented, racial wage gaps persist, exceeding the gender pay gap in some instances.
What does this mean? It shows the need for a racial lens to be applied to all efforts to achieve gender equity. Because women – and especially women of color – are collectively being robbed of hundreds of thousands in potential earnings, every year.