This chart shows how much money Americans earn at every age. (via CNBCMakeIt)
this year, which represents how far into the new year women symbolically had to work to earn as much as men did in the previous year. The disparity is even wider for women of color: For Black women, Equal Pay Day will be August 22, for Native American women, it's September 23, and for Latina women, it's not until November 20.
The pay gap starts early. Women begin their careers earning a median of $40,400 per year, while men take home a median of $53,500 at the same age,. And although women's earnings initially grow faster than men, they start to plateau much earlier. The median wage for a 38-year-old woman is $64,000 — the same as a 27-year-old man.
The disparity stems from a variety of factors, including a lack of representation and occupational segregation. "We see women of all races and ethnicities and men of color are less represented at higher levels of organizations than white men," PayScale reports. And while the, they still only account for 6.6% of CEOs.
The Payscale report also points to issues during the job search process, where women "benefit less frequently from employee referrals, which help applicants get a foot in the door."
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