Something big is going down. You can see the cracks and feel the reverberations. Change is in the air, as women use, make, create, and build technologies to power a pay gap paradigm shift.
Yep you heard it correctly. Women are harnessing technology to power their paychecks.
Now, the stats are still lousy when it comes to pay equity. According to the AAUW report, The Simple Truth About the Gender Pay Gap, "in 2015, women working full time in the United States typically were paid just 80 percent of what men were paid." The reports also suggest that progress toward pay parity is slow and that it has stalled in recent years suggesting equity may not be achieved until the year 2159! The report also identifies larger gaps in pay for women of color and notes that as a women ages the pay gap grows.
However, in her article for the Harvard Business Review, How Technology Can Help Close the Gender Gap, Sallie Krawcheck, CEO and Co-Founder of Ellevest, offers hope. Krawcheck deftly draws conclusions about how access to information (specifically information on companies' gender practices) , online social networks and communities, and value-driven decision-making are bridging the pay gap and leveling the playing field for professional women. She suggests there is a lot happening that is moving women in the right direction for pay equity.
Good news for us all. The timing, it seems is at a critical pace for women to know about, explore, and utilize the infrastructure and the ecosystems that are currently creating a much needed equalization of power in the workplace and beyond.
Throughout the article, Krawcheck details numerous technology resources that women can access to help close the gender pay gap (which you should totally check out) and she identifies the growing number of options for women in the workforce as making significant impact on the gender pay gaps. She highlights the increasingly viable option of entrepreneurship for women and notes the importance of being able to hire on a project by project basis as a contributor to the success of startups and young companies. Krawcheck also predicts a very near future "in which professional women work for, buy from, and invest in companies that align with their values." Vicki Saunders' organization SheEO is one that is already creating this future with their approach to investing - Radical Generosity - where up to 1000 women contribute $1,100 to create a million dollar fund to invest in women-led ventures. Nicole Yeary, also exemplifies these ideals with her Chicago-based company, Ms. Tech, whose member platform 'helps business women do tech, and tech women do business'.
Women empowering women, does indeed seem to be a theme for bridging the pay gap.
And this is, indeed, why we founded THE JILLS OF ALL TRADES™. Because forming an ecosystem and shaping an infrastructure where women entrepreneurs can help women entrepreneurs lift and link each other, complete projects together, find community and get stuff done... well that has the potential to change everything.