Pay gap costs some Asian women $3,000 a year: Report | Business and Economy News

An Asian-American, Hawaiian or Pacific Islander woman stands to lose $120,000 over the next 40 years, according to a new report from the National Women’s Law Center.

According to a new report from the National Women’s Law Center, the wage gap typically costs Asian American, Native Hawaiian and Pacific Islander women in full-time jobs $3,000 a year.

The document released Monday further extrapolates what this means for women over the course of their careers: “An AANHPI woman starting her career today stands to lose $120,000 over the next 40 years,” if the gap compensation gap between white men and Asian women is not closing. . For some Asian women, this is the best case scenario. Burmese, Cambodian, Hmong and Nepali female employees all risk losing around $1 million over the course of their careers.

To be sure, Chinese, Indian, Malaysian and Taiwanese women generally earned more than white men, the analysis showed. Even that has its downfall: As a March Payscale report noted, the perception that Asian women earn as much or more than white men can perpetuate harmful myths about Asians and serve as fodder for those trying to reduce anti-Asian racism.

“By just focusing on the bottom line and not really digging in, we’re really making certain communities invisible,” said Gaylynn Burroughs, director of workplace equality at the NWLC. “It hurts them because they can’t be part of the conversation about what needs to happen to help them secure economic opportunity and feel secure.”

Covid-19, according to the report, has further exacerbated existing pay inequalities. “The pandemic has really shown the gap in terms of who’s counted or who’s seen by the data, as so many women have been forced to cut their hours or quit their jobs,” Burroughs said.

With Asian female unemployment now below its February 2020 rate, getting hired seems like an uphill battle. As of March this year, 38% of unemployed Asian women had been looking for work for six months or more, compared to 25% of white men, and unemployed Asian women are typically out of work nearly two weeks longer than white men.

(Updates with details on other groups in the third paragraph.)

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