- A new report indicates the wage gap in the US is closing, at least when it comes to the salaries of new hires.
- Women who were new hires were offered salaries comparable to about 96% of their male counterparts, indicating the lowest difference, 4%, it’s ever been.
- That’s according to a new report from the W.E. Upjohn Institute for Employment Research in Michigan that looked at salary data of new hires in July 2020.
- Despite the hopeful trend, the gender wage gap is still a national problem.
- White women, on average, earn 80% of what white men do, while black women earn 66% and Hispanic women earn 58%, a pay gap of 42%, according to the US Census Bureau’s 2018 data.
- Visit Business Insider’s homepage for more stories.
The US may be making strides toward closing the pay gap â€” at least for new hires.
It shows that recently hired women were offered salaries comparable to about 96% of men’s â€” which is an improvement from previous years. For example, in 2015 new hires who were women earned 88.8% of what men did.
While the data is encouraging, it is by no means cause for celebration. The pay gap is still a consistent problem across the board.
The news comes just a few weeks after 2020’s Equal Pay Day on Aug. 13. This date indicates how far into 2020 a Black female worker would have to work to earn as much as a white male worker did in 2019 alone.
W.E. Upjohn Institute did not immediately return request for comment on any racial breakdown of data.
White women, on average, earn 80% of what white men do, while black women earn 66% and Hispanic women earn 58%, a pay gap of 42%, according to the US Census Bureau’s 2018 1-year American Community Survey.