The LGBTQ+ Pay Gap is Real
A Human Rights Campaign (HRC) analysis of nearly 7,000 full-time LGBTQ+ workers found that their median weekly earnings come in at approximately $900—around 10 percent less than the $1,001 median weekly wage reported for a "typical worker." In other words, these workers earn around 90 cents for every dollar earned by their colleagues.Read more: Compare the Top High-Yield Savings Accounts to Grow Your SavingsThe report also found that men in this community earn 96 cents for every dollar the typical worker earns.
For identifying women it was 87 cents, and 70 cents for nonbinary, genderqueer, gender-fluid, and two-spirit (Indigenous people who identify as having both a male and female spirit) workers.Black community members were found to earn less than the median weekly earnings for LGBTQ+ colleagues, receiving only 80 percent of what typical workers get.
This figure fell even further for LGBTQ+ Native Americans plus transgender men, who are estimated to earn only 70 percent, while transgender women were paid just 60 percent of the typical worker's salary.Read more: Grow Your Earnings With a High-Yield Checking Account"Though we did not assess the underlying reasons for this disparity, it is likely that discrimination is playing a role," the HRC said in the report.LGBTQ+ advocates, campaigners, and business leaders said the report should be seen as a "rallying cry" for "all who lead.""As a lesbian CEO, I'm frankly tired of seeing reports like the recent HRC Foundation analysis that show LGBTQ+ workers earn just 90 cents for every dollar their peers make," Amy Spurling, founder and CEO of startup Compt, told Newsweek. "And let's be clear: the inequity stretches far beyond LGBTQ+ individuals—it spans across genders and races, too.
