The Pink Tax
As of now White women make 82 cents to every dollar a man makes.
Women of color make 75 Cents on the dollar a man makes. At first
blush neither of these sound all that bad. After all we're talking 25 cents to 18 cents less. But over a lifetime
of work it can get to hundreds of thousands less. Then it gets significant!
That alone would be enough to make any woman who works angry but there's more to be upset about;
The Pink Tax
If you have gone to a dry cleaner or bought a razor you know your blouse costs more the a man's shirt and your "female" razor costs more then a razor made for men.
So not only do we get paid less we have to pay more for what we buy that is supposed to be made for us.
I stopped buying "women's disposable razors" and started buying "men's disposable razors" because it was significantly less.
There really is no reason for this
Pink Tax. It costs the same to make a razor for women that it does to make one for men. Your blouse is not more difficult to dry clean than a man's shirt. In fact some times the reverse is true.
It is estimated that it costs a woman $1300 per year in additional costs for the same thing men are buying for less. Again that's not a big deal if we only look at one year.
But taken over a lifetime it is a big deal. It's significant! I'm 75 and I've been working since I was 15, 60 years of work or $78,000 pink tax for me.
Think what I could have now compounded in my retirement account if I did not have to pay extra for being a woman!
Then do your own numbers;
How much less are you paid per year and how much more have you had to pay??
That is the real number; The intersection between how much less you have been paid plus how much more you have had to pay and you get the real cost to women for being women!
Companies need to see this as a larger pay parity issue. Does your company pay you less than the men in your company and do they charge women more for their products?
Correcting both of those would be real pay parity!
Let us know what you think