Shana Lebowitz, who covers gender at work at Business Insider, writes about the parent company’s lack of pay equality.
Lebowitz writes, “The results were, in a word, disappointing.
“Across the company, the median salary for all female employees is $75,000. For all male employees, it’s $85,000. BIPOC employees earn $81,000 to white employees’ $85,000. Female BIPOC employees make $70,000. (BIPOC stands for ‘black, indigenous, and people of color.’ It’s the term Insider Inc. used to describe minorities in the pay report.)
“That means all females earn 88.2% of what men earn, and female BIPOC employees earn 82.4% of what all males earn.
“Racial and gender wage gaps aren’t unique to Insider Inc., or to the media industry. In 2018, the most recent year for which data is available, the median full-time, year-round female worker in the US earned 81.2% of her male counterpart’s earnings. One subsection of female workers, Black women, made 66% of the average earnings of white men.”
Read more here.
