Apr 2, 2019

Axios PM

By Mike Allen
Mike Allen

Situational awareness: Bernie Sanders' 2020 campaign raised $18M, the House subpoenaed the Trump administration, Nancy Pelosi criticized Joe Biden's apologies, Brexit is still busted and Algeria's president is on his way out.

1 big thing: The gender wealth gap

Illustration: Rebecca Zisser/Axios

The gender wage gap has noticeably improved over the decades, but the gender wealth gap — including savings, equity and long-term earnings — still has a long way to go, Axios' Kia Kokalitcheva writes.

Why it matters: Achieving economic parity isn't just about equal pay for equal work — it's also about all the societal circumstances that handicap women.

The long-term wage gap: Women tend to have more gaps in their employment, such as time off to raise children and part-time work while caring for a family member.

  • Last year, the Institute for Women’s Policy Research published a study showing women earned only 49 cents on every dollar compared to men over a 15-year increment.
  • 28% of women and 59% of men in the 2001–2015 period worked at least 12 of those 15 years full time. 57% of women and 77% of men in that period worked full time every year (no years off).
  • For women (and men) who took just one year off from working during that period, their earnings were 39% lower.
  • Even women who didn't take time away during the 2001–2015 period still only earned 67 cents for every man's dollar.

The savings gap: Only 56% of 18- to 34-year-old women have savings, compared to 70% of men.

The startup equity gap: Women own just 9% of all equity, despite making up 33% of founders and employees.

  • Women own just 6% of all founder equity despite representing 13% of all startup founders, according to Carta and #Angels. This translates to 39 cents in equity for every dollar that a male founder owns.
  • Women own just 20% of employee equity despite being 35% of all employees who hold equity. That's 47 cents for every dollar of male employees' equity.

The racial pay gap among women: Among U.S. women who hold full-time, year-round jobs, black women are typically paid 61 cents, Native American women 58 cents and Latinas 53 cents. White women earn 77 cents, and Asian American women 85 cents, for every dollar paid to white men, according to U.S. Census Bureau data.

Go deeper: This gender pay gap chart is worthy of your time

Bonus: Pic du jour
Photo: David McNew/Getty Images

Broken candles are seen in one of the memorials trampled in a stampede at a gathering of hundreds of people mourning the murder of Grammy-nominated artist Nipsey Hussle in Los Angeles.

  • "The otherwise peaceful gathering at the site where Hussle was murdered was cut short by a disturbance that reportedly included several stabbings and panicked the crowd. A total of 19 people were taken to hospitals, according to police, including two in critical condition."
3. 1 TV thing
Expand chart
Data: Parrot Analytics; Chart: Harry Stevens/Axios

According to Parrot Analytics research given to Axios, "Game of Thrones" is now 159x more in demand in the U.S. than the average TV show title.

  • This continues to put the show into Parrot's “exceptional” demand category, of which Parrot says only 0.01% of TV series manage to enter.
Mike Allen