What The Elle - Pay Black Women What They’re Worth

Today is Black Women’s Equal Pay Day. Yes, 226 days into the year. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
 
Ellevest
What the Elle logo
 
A tweet by Nicole Tinson that says, “TODAY is Black Women’s Equal Pay Day. One of the biggest forms of allyships in the workplace is disclosing your salary with Black women. If you're getting paid $115k and a Black woman is getting paid $85k (and doing double the work) she needs to know so she can decide how to move.”

Pay Black Women What They’re Worth

Today is Black Women’s Equal Pay Day — the day an average Black woman must work into 2020 to get paid what an average white man did in 2019.

If “August 13” doesn’t spell it out clearly enough, here are a few other ways to think about it:

Today is 226 days into the year.

The date is calculated because Black women make an average of 62 cents for every dollar white men make.

The gap hasn’t substantially moved in decades, and if it continues at its current rate, Black women won’t see pay parity until 2130.

Until then, the average Black woman will lose out on $1,962 each month, which adds up to $23,540 a year — or nearly $1 million over a 40-year career.

A new report by Lean In talks about why this wage gap happens in the corporate world. Two words: systemic racism. Senior leaders are less likely to interact with or promote Black women (even though Black women ask). Black women are also affected by day-to-day discrimination and microaggressions — and don’t see strong allies in the workplace.

And because 2020 is 2020, the pandemic is magnifying all of these inequities.

So what can we do?

We can talk openly about salaries, and be vocal where we see unfairness.

We can encourage our workplaces to do the work to fight systemic racism.

If we’re not Black, we can routinely check our own workplace behaviors and biases.

And we can celebrate Black women’s achievements and advocate to pay Black women what they’re worth, wherever we are.

Rooting for us all,

Julie Ross Godar, she/her
Editor in Chief

A gorgeous collage of squares featuring images from women-owned businesses Elle West, Empress Collections, Golde, and Au Naturale Cosmetics.

Let’s put our money to these businesses today

Companies owned by Black women have grown by 50% in the past five years — and a lot of those women say that being undervalued in their workplace pushed them to become entrepreneurs. Let’s celebrate their ambition by shopping at a business owned by a Black woman today.

SHOP THE LIST >

bro∙ken rung

A metaphor that illustrates how women are less likely to get promoted up the ladder — starting from the very first promotion to management level. That broken rung then affects the rest of their career trajectory. Black women’s careers tend to be especially impacted by broken rungs.

Small $$ win of the week

“I have savings that will last me 2–3 months. My goal is to build a living fund, aka save enough money that I can still pay my bills while I build my business. The pandemic made me realize I was spending my money on the wrong things.”

— Penny, an Elle Raiser from Dallas, TX 🙌

Tell us about your latest small $$ win here.

Do more for your money and career.

 BECOME A MEMBER 

This newsletter was brought to you while (re)watching Viola Davis break it down about equal pay for Black women in Hollywood. Forward it to a friend who knows the truth when they hear it.

FOLLOW US

MAGAZINE

STORE

DISCLOSURES
 
All opinions and views expressed by Ellevest are current as of the date of this writing, for informational purposes only, and do not constitute or imply an endorsement of any third party’s products or services.
The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice.
The information provided does not take into account the specific objectives, financial situation, or particular needs of any specific person.
Investing entails risk, including the possible loss of principal, and there is no assurance that the investment will provide positive performance over any period of time.
Ellevest Membership fees are as follows: Ellevest Essential is $1 per month, Ellevest Plus is $5 per month, and Ellevest Executive is $9. Other fees as described in Ellevest’s Wrap Fee Program Brochure and the Ellevest Membership Terms and Conditions Agreement will continue to apply.
 
 
 

Older messages

You’re Too Aggressive for the Job

Tuesday, August 11, 2020

It felt like an episode of “The Office,” except that it was my career and it wasn't remotely funny. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

6 Women+ Making Money Moves

Saturday, August 8, 2020

Elle yeah. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Our Money Coaches Love this Budget Method

Thursday, August 6, 2020

A lot of people tell us it works great in real life. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

What Finally Made Me Cry

Tuesday, August 4, 2020

I burst into tears. The next day I told my daughter about that sign and I cried again. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

How Can We Best Support Women?

Friday, July 31, 2020

All 8 million of us. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

You Might Also Like

🎰 The AI bet paid off

Monday, January 6, 2025

Foxconn's latest win, a potential IPO revival, and call it "ginger ale-titude" | Finimize TOGETHER WITH Hi Reader, here's what you need to know for January 7th in 3:09 minutes.

Investing through it all

Monday, January 6, 2025

Take financial stress off your plate in 2025. ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌ 

Are you taking a cruise soon?

Monday, January 6, 2025

Travel insurance could save you a ship-ton of hassle ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Credentialism and the Money Illusion

Monday, January 6, 2025

Plus! Diff Jobs; Capacity Constraints; IPO Window; Strikes and Opportunity Costs; The Upside and Downside of Ads; Backcasting Returns Credentialism and the Money Illusion By Byrne Hobart • 6 Jan 2025

Our top five posts of 2024

Monday, January 6, 2025

As a new year begins and the blog starts fresh in 2025, we wanted to take a moment to reflect on the highlights of the blog in 2024. Read on blog or Reader Bank Underground Read on blog or Reader Our

Longreads + Open Thread

Saturday, January 4, 2025

Paradigms, AI, Pentium, Netflix, China, SBF Longreads + Open Thread By Byrne Hobart • 4 Jan 2025 View in browser View in browser Longreads Philo of M&DA has a great piece ranging from Sam

💎 Rough time for diamonds

Friday, January 3, 2025

Lab-grown gems sparkled, hedge funds delivered sturdy returns, and all your secrets | Finimize TOGETHER WITH Hi Reader, here's what you need to know for January 4th in 2:56 minutes. Mined diamonds

You can grow your savings

Friday, January 3, 2025

Take advantage of high-yield savings accounts today. ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

👀 China's in trouble

Thursday, January 2, 2025

The world's factory slowed, Britain's home prices perked up, and food trends for 2025 | Finimize TOGETHER WITH Hi Reader, here's what you need to know for January 3rd in 3:11 minutes.

Missed Nvidia's Last Big Move? Don't Miss This One

Thursday, January 2, 2025

The Market Rally Indicator Just Turned Green ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏