The platform for multicultural professional and entrepreneurial for women is dedicated to increasing awareness around pay equity dispelling the economic challenges faced by minority communities
Today, Walker’s Legacy, the leading platform for multicultural professional and entrepreneurial women, and the Association of Latino Professionals For America (ALPFA) have partnered in recognizing today as Latina Equal Pay Day. The gender gap has been shown to narrow itself, but it remains statistically unchanged.
Latina Equal pay day highlights the substantial discrimination and challenges this group of women experiences in their professional lives. Latina women are not projected to see equal pay until the year 2248, which means it may take 242 years for equality. These challenges—such as a lack of workplace support and racially-based pay discrimination—stretch to the overall lack of resources for working or entrepreneurial Latina women and their families.
- More than 40% of Latina mothers are breadwinners, which means their households rely heavily on their wages to make ends meet and get ahead.
- Latina women earn 60% of bachelor’s degrees. Despite this, women are paid less than their white counterparts at every education level.
- Latina women who complete college degrees are less able than men to pay off their student loans promptly, leaving them paying more in interest and for a longer time. Women working full time had paid off 33% of their student loan debt on average, while men working full time had paid off 44% of their debt. This gap also leads to difficulty in starting a business or changing job industries.
- There are 1,469,991 Latina owned businesses in America. Yet, many women still do not obtain financial flexibility in comparison to their White counterparts.
“Despite the improvement, Latina women are still fighting for equality in the relationship with the gender pay gap. Here at Walker’s Legacy, we fully understand the various barriers that have prevailed far too long and their detrimental effects. We tend to look on the brighter side; we can see every Latina woman’s full potential and feel secure that a pay gap won’t stop them from achieving success. Recognition is the main focus in achieving economic equality for our community. While it is simply unacceptable that gender and race inequity cost black women–on average–seven months of pay each year, we must not make excuses but work toward bettering this system and changing the status quo” said Natalie Madeira Cofield, Founder, and CEO, Walker’s Legacy. “Our work is committed to the empowerment and success of women, and today we note the charge to continue to do more to ensure that progress is made.”
“While it is simply unacceptable that gender and race inequity cost black women–on average–seven months of pay each year, we must not make excuses but work toward bettering this system and changing the status quo” Natalie Madeira Cofield, Founder and CEO, Walker's Legacy
“When we talk about the gender wage gap and especially when we add race as a context for that conversation I often hear about what women should be doing to bridge the gap. The conversation often goes to overcoming cultural tendencies to improve negotiating skills or discussing gaps in service due to maternity leave or time taken to raise children,” said Migdalia Diaz, Chief Operating Officer, ALPFA, Inc. “The reality is that the issue is much more complicated, and as a result making progress means addressing various issues on multiple fronts. Not to mention the fact that preparing women for the battles ahead of them will never be enough if we do not attempt to address the reasons the opportunities do not exist in the first place.”
“,,,the reality is that the issue is much more complicated, and as a result making progress means addressing various issues on multiple fronts.”Migdalia Diaz, Chief Operating Officer, ALPFA Inc.
ALPFA focuses on the development and empowerment of Latinas through their Women of ALPFA programs; exposing youth to more opportunities through our partnerships with Junior Achievement and Girl Scouts; and hosting engaging executives at their corporate partners across the country.
Diaz continued, “Yet there are many more fronts that we as a community need to act on to move the needle. It is through partnerships with organizations like Walker’s Legacy that expands our voice and our impact. The only way we can create a new future for generations to come is to work together.”
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About Walker’s Legacy: Walker’s Legacy is a global platform for the professional and entrepreneurial multicultural woman. We exist to inspire, equip, and engage through thought-provoking content, educational programming, and a global community.
About ALPFA: Founded in 1972, ALPFA’s purpose is connecting Latino leaders for impact. It is the largest professional and student membership-based organization in the United States with 82,000+ members assembled in 44 professional and 160 student chapters across America. ALPFA provides leadership training, mentorship, and job opportunities through its annual convention, regional symposiums, and hundreds of local events nationwide. In March 2017, ALPFA announced a list of the 50 Most Powerful Latinas in partnership with Fortune Magazine and Columbia University. For more information, visit www.ALPFA.org