We've received some great questions about Wyoming's gender wage gap. We have answers for you! (And, as always, those answers are based on the research and steeped in data.)
Let's start with the most frequently asked questions: What will pay equity mean for women in Wyoming? How are pay equity and economic development related?
What does achieving pay equity mean for women in Wyoming?
This answer comes from the National Partnership for Women and Families. If the annual wage gap were eliminated, on average, a working woman in Wyoming would have enough money for:
30.5 more months of child care;
Nearly four years of tuition and fees for a four-year public university, or the full cost of tuition and fees at a two-year community college;
Approximately 133 more weeks of food for her family (2.6 years’ worth);
14.6 more months of mortgage and utilities payments; or
More than 24 additional months of rent.
How are pay equity and Wyoming's economic development related?
This answer comes directly from the R&P Report on Wage & Benefit Disparities between Men & Women in Wyoming that was prepared for the Wyoming Legislature:
The infusion of $153 million in labor income [from closing the gender wage gap] resulted in an induced effect of an additional 604 jobs, approximately $22.2 million in additional labor income, and over $80 million in output to the Wyoming economy, measured in 2016 dollars.
In terms of increased employment, the real estate (41.2 jobs) and full-service restaurants (36.6 jobs) would see the greatest increase in jobs (see Table 8.2, page 76). In terms of increased labor income, offices of physicians and the wholesale trade sectors were the most affected, at approximately $1.8 million and $1.2 million, respectively.
Additionally, this increase in labor income would increase state and local taxes by more than $5 million.
Note from the study's authors: For this study, the change in employee compensation only affects the induced impacts (i.e. household spending changes) of this economic activity.
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