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Monday Mini: Equal Pay Day · Stuff Mom Never Told You

• 0:05
  Speaker 1: Hey, this is Annie and Samantha.
• 0:06
  Speaker 2: I love this stuff. I never told you protection Buyheart
• 0:08
  Speaker 2: Radio and welcome to what is a bit of a downer.
• 0:21
  Speaker 2: I'm going to go ahead and tell you of a Monday.
• 0:24
  Speaker 1: Many with the world the way it is, isn't it always?
• 0:29
  Speaker 2: I had a handful of topics to choose from, and
• 0:31
  Speaker 2: I can tell you none of them were great. But
• 0:36
  Speaker 2: as this comes out, it is the last day of March,
• 0:39
  Speaker 2: and it is the last day of Women's History Month,
• 0:42
  Speaker 2: and so we wanted to do a check in on
• 0:44
  Speaker 2: another piece that happened during this Women's History Month as
• 0:49
  Speaker 2: we close out, and that's Equal Payday. So if you
• 0:53
  Speaker 2: don't know, the way equal Payday works is it is
• 0:55
  Speaker 2: the date that full time women employees have to work
• 1:00
  Speaker 2: getting with a new year to make up for what
• 1:01
  Speaker 2: they're largely white male counterparts made in the previous year,
• 1:07
  Speaker 2: aka the gender wage gap. This year, it fell on
• 1:11
  Speaker 2: March twenty fifth, twenty twenty five, which is pretty bad,
• 1:16
  Speaker 2: not good, And as we've talked about in several past episodes,
• 1:20
  Speaker 2: the gap is worse for women of color. We're talking
• 1:24
  Speaker 2: like fifty sixty cents in some cases, and it also
• 1:27
  Speaker 2: gets worse with age, usually due to things like childcare.
• 1:31
  Speaker 2: So you can look up. We've done a lot of
• 1:33
  Speaker 2: past episodes on that that you can check out. As
• 1:38
  Speaker 2: of now, women are still paid on average eighty three
• 1:42
  Speaker 2: cents to the dollar compared to men in similar positions,
• 1:45
  Speaker 2: and it's seventy five cents if you include part time workers,
• 1:49
  Speaker 2: and the World Economic Forum estimates at this rate it
• 1:54
  Speaker 2: will take one hundred and thirty four years to close
• 1:57
  Speaker 2: the gap, but others think that that is to mystic
• 2:00
  Speaker 2: at best. According to the National Women's Law Center, over
• 2:06
  Speaker 2: the span of a forty year career, a woman entering
• 2:09
  Speaker 2: the workforce stands to lose about a million dollars due
• 2:13
  Speaker 2: to this gap, the so called wealth gap. Jasmine Tucker,
• 2:18
  Speaker 2: the center's vice president of research, said, when you look
• 2:21
  Speaker 2: at it by race and gender, that disparity is even wider.
• 2:25
  Speaker 2: This means that women are never ever going to catch up.
• 2:29
  Speaker 2: Just in a year, a woman is missing out and
• 2:32
  Speaker 2: estimated fourteen thousand dollars, which could be enough to help
• 2:35
  Speaker 2: pay for things like childcare. You can look it up
• 2:38
  Speaker 2: at all the things that fourteen thousand dollars could help cover,
• 2:43
  Speaker 2: but childcare is a big example, and this data is
• 2:46
  Speaker 2: from twenty twenty three and includes part time work. Having
• 2:51
  Speaker 2: to take unpaid parental leave can mean women are missing
• 2:55
  Speaker 2: out on thousands and thousands of dollars. I was reading
• 2:58
  Speaker 2: an article about this before, and one of the women
• 3:02
  Speaker 2: interviewed said she lost about ten thousand dollars. And yes,
• 3:07
  Speaker 2: many worry that the cuts on DEI will not only
• 3:11
  Speaker 2: make things worse here in the US, but will make
• 3:15
  Speaker 2: the disparities easier to hide, especially because you know, we
• 3:19
  Speaker 2: have all these cuts and the hamstringing of agencies that
• 3:22
  Speaker 2: are meant to enforce laws around non discrimination and equal pay.
• 3:28
  Speaker 2: And actually, oh, we laugh because it's terrible. The gender
• 3:33
  Speaker 2: wage gap got worse between twenty twenty two and twenty
• 3:36
  Speaker 2: twenty three, so it appears for going backwards, and there
• 3:39
  Speaker 2: are already some pretty pretty dire estimates about what's going
• 3:46
  Speaker 2: to happen next year. Twenty twenty three research offered the
• 3:50
  Speaker 2: same theories as to why this gap exists and persist
• 3:54
  Speaker 2: and has seemingly stalled since the eighties. They were things
• 3:59
  Speaker 2: that we've talked about BEFO for women pursuing lower paying jobs,
• 4:03
  Speaker 2: though I would argue many of those jobs are lower
• 4:05
  Speaker 2: paying because they're viewed as women's work, pregnancy discrimination and
• 4:11
  Speaker 2: the motherhood penalty, the lack of pay perntal leave COVID.
• 4:15
  Speaker 2: We talked about that a lot and how bad that
• 4:19
  Speaker 2: was in plain old systemic bias, and all of this
• 4:25
  Speaker 2: also impacts retirements and savings. Women aim to save a
• 4:30
  Speaker 2: way about nine five hundred dollars a year, while men
• 4:33
  Speaker 2: are looking at almost eighteen thousand, which is a substantial difference. Obviously,
• 4:41
  Speaker 2: these are averages, but recent studies are indicating that return
• 4:47
  Speaker 2: to work policies are also disproportionately hurting women too. However,
• 4:52
  Speaker 2: as discussed previously, working from home does not directly relate
• 4:56
  Speaker 2: to more pay, but there is a lot of benefit
• 5:00
  Speaker 2: in terms of the flexibility and childcare, which again though
• 5:07
  Speaker 2: is extra work that the woman in question is doing.
• 5:11
  Speaker 2: Typically because we've talked about how a lot of this
• 5:15
  Speaker 2: kind of domestic care and childcare still falls onto women. Okay,
• 5:21
  Speaker 2: so that's not good. But there has been movement around
• 5:27
  Speaker 2: pay transparency laws and paid parental leave, but yes, it
• 5:31
  Speaker 2: has been slow and inconsistent, and there's been research that
• 5:35
  Speaker 2: indicates that equal pay is good for both the employee
• 5:40
  Speaker 2: and to the employer. Since when someone thinks they're being
• 5:43
  Speaker 2: paid fairly, they stick around longer, and the company avoids
• 5:48
  Speaker 2: retention costs or like training cost but yeah, it's pretty inconsistent,
• 5:53
  Speaker 2: and who knows if it'll stick around. Yeah, So that's
• 6:00
  Speaker 2: that's where we are on Equal Day Day.
• 6:04
  Speaker 1: This year.
• 6:06
  Speaker 2: There are a lot of statistics that go into much
• 6:09
  Speaker 2: further death if you're interested, and I do think it's
• 6:15
  Speaker 2: worth looking it up. And as always when we do
• 6:19
  Speaker 2: these grim episodes, it's worth reminding ourselves that people are
• 6:27
  Speaker 2: finding this fight. There are ways that we can fight
• 6:29
  Speaker 2: this fight as well, and also to keep in mind
• 6:33
  Speaker 2: that these are averages and there are a lot of
• 6:37
  Speaker 2: specifics to break down in this conversation, but it is
• 6:40
  Speaker 2: still it's frustrating because it's kind of going backwards and
• 6:45
  Speaker 2: it's pretty much been the same since the eighties, and
• 6:53
  Speaker 2: I'm just I'm kind of tired of like so much
• 6:56
  Speaker 2: of this work that is so important that women do
• 6:58
  Speaker 2: being devalued. Right.
• 7:01
  Speaker 1: I mean, we've had a minute in this conversation about
• 7:03
  Speaker 1: talking how being a stay at home mom is a
• 7:07
  Speaker 1: lot of work and no one acknowledges that, and they
• 7:10
  Speaker 1: have started recently to acknowledge that and seeing that's something
• 7:14
  Speaker 1: that is worthwhile and should be deemed as important as well.
• 7:18
  Speaker 1: But also people who are doing the double duty of
• 7:21
  Speaker 1: being a full time parent as well as a full
• 7:25
  Speaker 1: time job, how much that that costs for them, and
• 7:30
  Speaker 1: how much of labor that really is. And it's really
• 7:35
  Speaker 1: irritating because they have this whole level of like, let's
• 7:38
  Speaker 1: go back to the women going back home, but they
• 7:40
  Speaker 1: really don't want women to go back home because they
• 7:44
  Speaker 1: need them in the workforce and they need those jobs
• 7:47
  Speaker 1: to be continued, but they just don't want to pay correctly,
• 7:51
  Speaker 1: and also they don't want to acknowledge that that is
• 7:53
  Speaker 1: more work. Yeah, but there's so many I mean, there's
• 7:58
  Speaker 1: so many things that at this point we have to
• 8:00
  Speaker 1: look at. But it feels like they're doing the most
• 8:03
  Speaker 1: to take down so much that it's one of the
• 8:05
  Speaker 1: smaller conversations. Again, like equal pay should be at the
• 8:09
  Speaker 1: top of the conversation, but it's not anymore. It's more
• 8:11
  Speaker 1: about like now discrimination in general and whether or not
• 8:16
  Speaker 1: women have rights in workplaces and marginalized people having rights
• 8:20
  Speaker 1: in workplaces. So now it's like, oh, dear god, we
• 8:22
  Speaker 1: have gone back to the seventies sixties in that conversation
• 8:26
  Speaker 1: instead of coming back to trying to find equal pay.
• 8:31
  Speaker 2: Yeah, like I said, I had a lot of topics
• 8:34
  Speaker 2: Thatch's from the Monday Mini, but it has to be
• 8:37
  Speaker 2: a mini. I was trying to make it a minis.
• 8:40
  Speaker 2: You did it good, Thank you.
• 8:42
  Speaker 1: It is a mini and now we have more to
• 8:44
  Speaker 1: think on.
• 8:46
  Speaker 2: Yep, we sure do well. Listeners. If you have any
• 8:51
  Speaker 2: thoughts about this, please let us know. You can email
• 8:55
  Speaker 2: us at Hello a Stuffannever Told You dot com. You
• 8:57
  Speaker 2: can find us on blue Sky at on stuff podcast,
• 9:00
  Speaker 2: or on Instagram and TikTok as stuff one Never Told You.
• 9:03
  Speaker 2: We're also on YouTube. We have a tea public store,
• 9:05
  Speaker 2: and we have a book you can get wherever you
• 9:06
  Speaker 2: get your books. Thanks as always to our super producer Christina,
• 9:09
  Speaker 2: executive producer, my indo contributor Joey.
• 9:11
  Speaker 1: Thank you and thanks to you for listening.
• 9:13
  Speaker 2: Stuff Never Told You, the production of Iyheart Radio. For
• 9:15
  Speaker 2: more podcast from my Heart Radio, you can check out
• 9:17
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• 9:19
  Speaker 2: your favorite shows.