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New data shows the gender pay gap is far from fixed

According to the U.S. Census Bureau, new data shows that there has been no progress made on closing the overall wage gender gap. Yahoo Finance’s On The Move panel discuss.

Video Transcript

JULIE HYMAN: All right, Sibile, you are looking at new census data that has a depressing result. No progress has been made on closing the gender pay gap.

SIBILE MARCELLUS: Depressing indeed, Julie. That's what we're seeing. New census data showing between 2018 and 2019, we haven't been making progress in terms of addressing the gender wage gap. Women have not really increased their earnings, despite much more awareness being made around this subject and around this issue.

When it's broken down by race, you see for white women it stayed pretty much the same, $0.79 for every dollar earned by a white man. For black and Hispanic women, the gender pay gap increased by-- I mean, closed by just a penny, a measly penny. The numbers, $0.62 and $0.54 in 2018 to $0.63 and $0.55 to a white man's dollar.