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If you think this is a bad year for women in the work force, you haven’t heard of a better time. Women earned just 72.6 cents to every dollar earned by men in 2016, according to the Pew Research Center. Their earnings were down 1.1 percent from the year before.
That figure means a woman working full time in the U.S. could easily earn $40,000 a year. And with more and more women working part time in part-time jobs, this number could be much higher in the future.
“The pay gap between men and women remains persistent, but the overall gap has been shrinking for a decade,” Pew reports.
According to data from the U.S. Census Bureau, the pay gap between men and women rose to $10,000 during 2015 alone. But this is in sharp contrast with the rest of the U.S., where the pay gap remains relatively narrow:
Gender pay rates differ from region to region and are highest in the South, Northeast, and Northeast West (the U.S. West). However, women are still grossly underrepresented across all regions.
While the pay gap appears to be narrowing, women are still struggling to catch and keep up. The 2016 figures show that the unemployment rate for black women was 27.6 percent, compared with 17 percent for white women.
This means there are still some obstacles for women, such as the fact that women’s paychecks aren’t always what they are advertised to be. According to a 2015 survey by Glassdoor, the pay of chief executives remained relatively stagnant for the first year after CEO compensation is broken out into full-time/part-time, annual, and self-employed employees.
“Women tend to struggle with the financial aspect of leadership and leadership isn’t all it’s cracked up to be,” said Glassdoor chairwoman, Linda Lozano. “Even when women are leaders, they are often paid significantly less compared to men. But there are ways to overcome this that can help women bridge