Index Investing News
Saturday, June 6, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Closing the wage gap is an investment, not charity

by Index Investing News
November 17, 2023
in Opinion
Reading Time: 4 mins read
A A
0
Home Opinion
Share on FacebookShare on Twitter


By LZ Granderson

Friday, Nov. 17, 2023 | 2 a.m.

Dawn Staley has never been shy about talking stats. As a Hall of Fame WNBA player and coach, her numbers are a point of pride. But the figures she is bringing up these days are not — and she thinks we all need to hear them.

Among Black women, 40% have annual household incomes of less than $50,000. For Americans overall, the number is just 24%.

Only 43% of Black women have health insurance, compared with 53% of Americans overall.

And although 56% of workers have paid sick leave, only 50% of Black female workers do.

There weren’t many encouraging numbers that came from a recent study by One Million Black Women, a Goldman Sachs initiative that’s investing $10 billion to help address these and other disparities. Staley got involved in the project when she learned about the wage gap — and she hopes that awareness can be a big part of the solution.

“I don’t want laws to put that in place to make it happen,” she said. “I hope deep down the people who are making those decisions see it for what it is. It’s a racial bias and gender bias. I hope they see it and really bring about change. As much as I can scream, I am not a decision maker. I’m just a storyteller, lending my voice to something that should have happened a long time ago.”

Watching Staley grow from athlete to coach to change agent has been one of the best stories in sports. Never one to run from a fight, the 5-foot-6 Staley said she brings the same assertive energy from her upbringing in the projects of North Philly everywhere she goes. Whenever there’s an underdog, she’s ready to fight.

That led her to partner with the One Million Black Women project, a collaboration she announced this month. Its goal with that $10 billion commitment is to make a course correction in the American economy and society, for the benefit of everyone. The organization’s data found that reducing the wage gap faced by Black women could increase the nation’s gross domestic product by nearly half a billion dollars and create up to 1.7 million jobs. In other words: It’s not charity; it’s an investment.

“I really don’t know how women do it with kids,” Staley said, noting the cost of child care in addition to lower-than-average wages. “We need to change that.”

Indeed.

Here’s a thought: I know a few men in Congress who could work on two problems at the same time by making child care affordable.

Retirement from Congress wasn’t the only thing on West Virginia Sen. Joe Manchin’s mind last week. He and fellow outgoing Republican Sen. Mitt Romney of Utah introduced a bill that would create a commission to address the nation’s growing debt. That’s the sort of goal that would look more achievable if we added half a billion dollars to the GDP.

Last month the U.S. paid nearly $900 billion in interest as the debt eclipsed $33 trillion. The two senators went on CNBC together to pitch the commission idea, with Manchin calling the nation’s spending “unsustainable.” During his first speech as House speaker, Rep. Mike Johnson, R-La., called our debt “the greatest single threat to our nation’s security and stability.”

What’s interesting about that is Johnson’s home state had the largest pay deficit for Black women in the country. This according to the Institute for Women’s Policy Research, which found that Black women are paid about 63 cents for every dollar paid to a white man. The institute also concluded that this gap would most likely persist until 2144.

In Louisiana, the median salary of white men is nearly $30,000 more than that of Black women, according to the study. In Romney’s Utah, the gap in annual pay is just under $26,000. The gap in Manchin’s West Virginia was $17,000 a year. And of course, there are disturbing wage gaps in every state.

When we’re staring down a national debt of more than $33 trillion, finding long-term opportunities to expand our economic output should not be a partisan issue.

Take manufacturing, for instance. Last year just 20% of Black women earned at least $1,000 a week for full-time employment, while nearly 54% of white men hit that mark. In the manufacturing sector, 80% of Black women are making less than $1,000 a week. Do you know what child care costs these days? It often exceeds $1,000 a month per child. The math just doesn’t work.

You can’t change that kind of systemic financial gap without intent. Betting that things will just get better with time is what allows this disparity to persist. Wishful thinking is what always sustains problems like this.

“It should be a movement,” Staley said. “This is not a call to give Black women a handout. … But when we earned something, we should be paid fairly.”

Employers need to take a hard look at compensation and eliminate racial and gender disparities. Government support for child care is probably also part of the solution, along with other policy changes to support families. For Staley, change starts with helping Americans understand the scope of this problem.

“We have to shed light on this,” she said. “It’s our job to help this movement.”

LZ Granderson is a columnist for the Los Angeles Times.





Source link

Tags: CharityClosinggapInvestmentWage
ShareTweetShareShare
Previous Post

Stabilising the foundations of the gig economy

Next Post

Over 100 Million MATIC Incinerated In POLS Mint, But The Gold Rush Is Far From Over

Related Posts

UK Police Officers Admit DEI Training Pressured Them To Ignore Dying White Teen Henry Nowak – FREEDOMBUNKER

UK Police Officers Admit DEI Training Pressured Them To Ignore Dying White Teen Henry Nowak – FREEDOMBUNKER

by Index Investing News
June 4, 2026
0

Authored by Steve Watson via Modernity,Officers from the force that failed Henry Nowak have now admitted they felt "controlled and...

The American divide exposes the high GDP fallacy –
Las Vegas Sun News

The American divide exposes the high GDP fallacy – Las Vegas Sun News

by Index Investing News
May 31, 2026
0

Sunday, May 31, 2026 | 2 a.m. The American economy is a wonder. The Economist observed that average wages in...

Chad Bianco can stop Gavin Newsom — by dropping out

Chad Bianco can stop Gavin Newsom — by dropping out

by Index Investing News
May 19, 2026
0

Gavin Newsom finally said the quiet part out loud. Last week, Newsom admitted he has a secret “break the glass”...

AI Voice Cloning And Deepfake Scams: Protect Your Money

AI Voice Cloning And Deepfake Scams: Protect Your Money

by Index Investing News
May 18, 2026
0

Imagine getting a phone call from your daughter. She’s crying. She says she’s been in an accident, she needs money...

New Delhi to Oslo, building a new strategic partnership

New Delhi to Oslo, building a new strategic partnership

by Index Investing News
May 15, 2026
0

We live in an unpredictable world. But unpredictability is not the same as powerlessness. Democracies that share values and trust...

Next Post
Over 100 Million MATIC Incinerated In POLS Mint, But The Gold Rush Is Far From Over

Over 100 Million MATIC Incinerated In POLS Mint, But The Gold Rush Is Far From Over

Lagarde Proposes Turning EU Securities Watchdog Into Bloc’s SEC

Lagarde Proposes Turning EU Securities Watchdog Into Bloc’s SEC

RECOMMENDED

Interview – Manu Bhagavan

Interview – Manu Bhagavan

July 10, 2022
Coy Gibbs, 49, dies hours after Ty Gibbs wins NASCAR title

Coy Gibbs, 49, dies hours after Ty Gibbs wins NASCAR title

November 6, 2022
Trump Reduced To Holding Arizona Rally In The Middle Of A Dirt Field

Trump Reduced To Holding Arizona Rally In The Middle Of A Dirt Field

October 10, 2022
Wall Street far too optimistic on timing for Spirit Airlines/JetBlue deal – analyst

Wall Street far too optimistic on timing for Spirit Airlines/JetBlue deal – analyst

September 20, 2023
Greatest query dealing with every NBA Western Convention workforce

Greatest query dealing with every NBA Western Convention workforce

September 11, 2024
Scott Adkins & Hint Adkins Be part of Western ‘Day of Reckoning’

Scott Adkins & Hint Adkins Be part of Western ‘Day of Reckoning’

January 29, 2025
Earnings Preview: Micron (MU) anticipated to start FY25 on a excessive be aware

Earnings Preview: Micron (MU) anticipated to start FY25 on a excessive be aware

December 11, 2024
Bogs Rain Boots Sale: Up To 50% Off Youngsters’ Types!

Bogs Rain Boots Sale: Up To 50% Off Youngsters’ Types!

July 24, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In