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Today, July 27, marks Black Women’s Equal Pay Day—the day into 2023 that Black women must work in order for their earnings to match those of white men in 2022. This wage gap, according to the National Women’s Law Center, costs Black women $22,692 a year and more than $900,000 over the course of a 40-year career.
That there is a gender and racial pay gap is not news. And this, writes ForbesWomen contributor Christine Michel Carter, is one of the most frustrating things about what today represents. As one of her sources said: “It shines a spotlight on the vast and debilitating impact of inequity for Black women in the workplace. Sadly, we don’t need studies to prove what we experience day in and day out. Our worth is undervalued by the systemic inequities we face every day.”
Carter’s piece details those experiences of inequity and discrimination, and it’s worth reading in full. She reminds us all that empty rhetoric is doing nothing to improve racial and gender equity in the workplace and that the path to progress involves “radical action,” from all of us.
Cheers!
Maggie
Exclusive Forbes List: The Highest-Paid Players At The 2023 Women’s World Cup
The United States Women’s National Team has dominated international soccer for decades, and after two straight Women’s World Cup titles, they are favored to extend the streak to three. The Americans are just as unbeatable at the bank, claiming 11 of the 15 spots on the list of the highest-paid players at this summer’s tournament in Australia and New Zealand. (Of course, these earnings look meager next to their male counterparts: together, these 15 women in the 2023 World Cup ranking make less than a third of what Messi and male soccer stars make.)
ICYMI: News Of The Week
Greta Gerwig made history this past weekend when Barbie achieved the biggest debut ever for a film directed by a woman: ticket sales clocked in at $162 million, beating the previous record-holder—Patty Jenkins, for Wonder Woman—by nearly $60 million.
It’s not just earnings that see a gender pay gap in soccer: it’s prize money, too. The Women’s World Cup prize pool totals $110 million this year, up from $30 million from the last World Cup thanks to the USWNT’s demands for pay equity. Yet despite this considerable increase, the money allocated for the women’s teams lags far behind the $440 million prize awarded to the Men’s World Cup players last year.
Wu Yajun, the billionaire cofounder of real estate developer Longfor Properties, added $1.1 billion to her net worth on Tuesday, a day after Beijing pledged more support for China’s troubled property sector.
Meka White Morris was hired in 2021 as the Minnesota Twins’ first chief revenue officer. Today she faces the task of increasing income for a team that’s valued at $1.4 billion.
The global market for the treatment of pelvic pain was worth $5.7 billion in 2021 and is poised to grow to $8 billion by 2031. Tracy MacNeal, the president and CEO of Materna Medical, spoke to ForbesWomen about how her company’s newest product—an FDA-cleared and over-the-counter vaginal dilator, one of the first of its kind—will capitalize on this market.
The Checklist
1. Talk it out. A new study demonstrates an amazingly simple way to boost your wellness and your happiness: Have a face-to-face conversation with a friend or colleague once per day.
2. Break the chains of presenteeism. The obligation to work while your health is afflicted—referred to as “presenteeism”—can have negative impacts for workers and companies as a whole. Here’s how you can set some boundaries.
3. Embrace the power of the pause. If life or work has thrown you an unpleasant curveball, take a beat before reacting. You have a choice in how you respond, and every so often, an obstacle can become an opportunity.
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