![]() ![]() Despite the progress made, the repercussions of those days are still prevalent in the lives of Black Americans, who, for years, haven’t had access to wealth-building opportunities. This is painful reality is rooted in a deep history of slavery and segregation. Companies like Salesforce took action including investing in Black-owned businesses.Īccording to the Harvard Business Review, the net wealth of a typical Black family in America is around one-tenth that of a white family, and wealth inequalities between Black and white households haven’t improved over the past 70 years. ![]() Over the last year the racial wealth gap came into sharp focus as our society confronted systemic inequalities. The gender wage gap and racial wage gap are both very real, and are more pronounced when they intersect. Meanwhile, Black women only earn 63 cents for every $1 white men earn. Generally, Black men earn 87 cents for every $1 white men earn, and white women earn 82 cents to that same dollar. In 2021, Black Women’s Equal Pay Day falls on August 3. On average, Black women have to work until August to earn what white men earned the previous year. However, Black Women’s Equal Pay Day falls even later in the year. In March, we recognized Equal Pay Day - a day that symbolizes how far into the year women have to work in order to earn what men earned the year before.
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