Black Women Need to Work 7 Months Into 2017 to Get Paid the Same as White Men Did in 2016

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By Douglas A. McIntyre Updated Published
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Black Women Need to Work 7 Months Into 2017 to Get Paid the Same as White Men Did in 2016

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Among the measures of income inequality for both minorities and women are the number of cents each group is paid compared to white males, who are traditionally the highest paid people in America for jobs at every level. The last data show, once again, how wide the gulfs are. According to information from the Economic Policy Institute (EPI), black women have to work seven months into 2017 to be paid the same as white men in 2016.

The EPI’s experts recently wrote:

Pay inequity directly touches the lives of black women in at least three distinct ways. Since few black women are among the top 5 percent of earners in this country, they have experienced the relatively slow wage growth that characterizes growing class inequality along with the vast majority of other Americans. But in addition to this class inequality, they also experience lower pay due to gender and race bias.

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Based on history, this gap is not going to close at anytime in the foreseeable future, which means compensation stratification will continue. Assuming income affects access to health care, a healthy diet, good education and quality housing, the chance to reach toward better wages becomes even less possible.

And the difference between black women and white men does become greater with education. White men with an advanced degree make an average of $48 an hour. Black women with less than a high school degree make less than $11 an hour. Society puts a premium on education for a number of obvious reasons. But the ability to even graduate from college is nothing more than a dream for many minorities, which is another reason the disparity will linger.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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