“Salary negotiations can be nerve-wracking due to the anxiety and fear that often comes with asking for more money at work. But for women, particularly women of color, failing to negotiate your salary can have long-term consequences on how much you earn throughout your career.
Today, the average woman who works full time, year-round earns 82 cents for every dollar earned by men. For many women of color, this pay gap is even larger, with Black women earning 63 cents for every dollar earned by white men, and Native American women and Latinas earning 60 cents and 55 cents, respectively, for every dollar earned by white men.
This wage gap, which has only closed by 3 cents over the last 30 years for Black women, according to the National Women’s Law Center, means that Black women must work until Aug. 3 in 2021 to reach the same pay white men earned in 2020. Over the course of a 40-year career, Black women stand to lose a staggering $964,400 due to this wage gap, with Native American women and Latinas losing even more, reports NWLC.”- Courtney Connley
This article originally appeared on CNBC. To read more about salary negotiations please click here.
