The union that represents business journalists at Dow Jones & Co. properties such as The Wall Street Journal, MarketWatch.com and Barron’s reports Tuesday that the company pays women less than men in comparable jobs.
The IAPE 1096, in a post on its website, notes, “In recognition of International Women’s Day, the Union decided to take another look at pay data at Dow Jones. Sadly, in 25 years’ time, there has been little progress.
“As of the end of 2015, the male/female split among full-time IAPE-represented employees narrowed by a single percentage point — women now make up 47% of the Union workforce. Average salaries have more than doubled since 1991, but our analysis shows that women are still paid only 86.8% as much as their male colleagues.
“Under the terms of our contract, the Company is required to pay certain salary minimums, but may exceed those minimum levels at the discretion of management. Once a newer employee passes through introductory pay-scale levels, management is only required — by contract — to pay annual Union-negotiated salary increases. Some people receive more than others.
“White males, for instance.
(See www.iape1096.org/info/documents/avgalltitles.pdf)
“Separating our salary data by gender and race/ethnicity, we are able to ‘rank’ average pay for all IAPE-represented employees (United States only — Dow Jones has not provided 2015 race/ethnicity data for staff in Canada) as follows:
All Titles — Average Salary Rankings:
1. White Male — $1,773.05 per week
2. Asian Male — $1,748.52 per week
3. Asian Female — $1,617.70 per week
4. White Female — $1,497.34 per week
5. Other Female — $1,404.12 per week
6. Hispanic/Latino Male — $1,320.68 per week
7. Other Male — $1,294.68 per week
8. Black/African-American Male — $1,227.88 per week
9. Hispanic/Latino Female — $1,176.51 per week
10. Black/African-American Female — $1,141.31 per week”
Read more here.
