Penalties to women’s pay are immediate and get worse they age, move up the corporate ladder, and/or attain higher education. Earning a few percent less might not sound like a lot, but considering how raises and wage negotiations are often focused on wage history, the difference compounds over time.
•As a 36 year old woman, your character likely earns $0.86 per dollar earned by men.
•Hispanic women who are classified as directors* are paid $0.80 for every dollar white, male directors are paid.?
•Hispanic women who have earned master’s of business administration degrees (MBAs) are paid $0.76 for every dollar white men with MBAs are paid.
*Directors are workers who are responsible for an entire department. Their workload is primarily overseeing others and not contributing directly to the work. Directors in Finance and Insurance include the head of a finance department or leader at an insurance sales branch.