For Immediate Release
August 11, 2020
Sixty-Four Cents to Every Dollar: Walker’s Legacy Recognizes Black Women’s Equal Pay Day
The digital platform for professional and entrepreneurial multicultural women honors Black Women’s Equal Pay Day with the release of it’s Black Women’s Equal Pay Day Fast Facts Sheet.
Washington, DC—August 11, 2020—On Thursday, August 13, 2020, Walker’s Legacy, the largest digital platform for multicultural women in business, will recognize Black Women’s Equal Pay Day. In support of Black Women’s Equal Pay Day, Walker’s Legacy has released a Black Women Equal Pay Day Fast Fact Sheet available for download on walkerslegacy.com under research.
Despite substantial gains in education, the National Committee for Pay Equity reports that Black women only earn 64 cents to a man’s dollar while women, in general, earn 78 cents.
This means that as it stands, Black women must work a year and eight months just to earn what their White male counterparts earn in a twelve-month year.
“Black women are disproportionately affected by the barriers associated with the gender pay gap. We know that economic equality is achievable for this community of women, in 2020, being that black women were named the most educated demographic,” said Natalie Madeira Cofield, Founder and CEO of Walker’s Legacy.
On Black Women’s Equal Pay Day, Walker’s Legacy seeks to highlight the substantial discrimination and challenges this group of women experience in their professional lives. These challenges, such as a lack of workplace support and racially-based pay discrimination, stretch to the overall lack of resources for working or entrepreneurial Black women and their families which are disproportionately single-parent led despite the fact that more than one-third are led by working mothers.
- On average, Black women in the U.S. are paid 39% less than white men and 21% less than white women.
- The pay gap widens for women at higher education levels. The gap is largest for Black women who have their bachelor and other advanced degrees.
- If current trends continue, pay equity for Black women is still a full century away. Improving access to the good jobs of the future and improving the affordability of education and training opportunities is essential to speeding up progress on pay equality for Black women.
The Walker’s Legacy Black Women Equal Pay Day Fast Fact Sheet intends to call attention to the wage gap impacting Black women across the country through the use of statistical data. Understanding the wage inequalities and systematic difficulties that Black women face is crucial for the timely movements and conversations sweeping across the United States
About Walker’s Legacy: Walker’s Legacy, www.walkerslegacy.com, is a digital platform for the professional and entrepreneurial multicultural woman. The organization exists to inspire, equip, and engage through thought-provoking content, educational programming, and a global community.