Women have worked in the workforce for centuries. But it wasn’t until the 20th century that they were able to legally work outside of their homes, and even then they were often not paid as much as men doing the same job.
Today, there are laws protecting women from gender discrimination in the workforce—but these laws are far from perfect. In some cases, women are still paid less than men for doing the same jobs.
The workforce has changed dramatically over the past few decades. One of the most significant changes in the number of women in the workforce, who now make up almost half of all workers in the United States.
However, despite this increase in female representation, women continue to face discrimination at work. This is especially true when it comes to paying and promotions: men are more likely than women to be promoted and earn higher salaries.
While some companies have taken steps toward gender equality in their workplaces, others have yet to acknowledge how much they need to change their policies to achieve equal treatment for both genders.
Women have been fighting for equal rights in the workforce for centuries. The first women’s rights convention was held in 1848, and it wasn’t until 1920 that women were allowed to vote. In 1964, the Equal Pay Act made it illegal for employers to pay women less than men for doing the same work.
Today, more than half of all working people in the U.S. are women, but they still face discrimination at work. A recent study found that women who ask for raises are less likely to get them than their male colleagues, and about half of female employees say they’ve been passed over for promotions because of their gender.
Companies need to take action—and fast—to ensure fair treatment of all workers, regardless of gender.
The workplace is a veritable minefield for women. The reality is that even today, there are many companies and industries where women are discriminated against. It’s not just the overt cases of harassment or assault—it’s also more subtle things like being paid less than men with similar experience, being passed over for promotions, or being overlooked for opportunities at work because of gender bias. In fact, according to the National Women’s Law Center (NWLC), “women earn 80 cents for every dollar earned by men” in the U.S., which translates into an annual $11,000 loss per woman on average.
Women in the Fintech space
Women are underrepresented in the fintech industry. However, women have made huge strides in this field and are making great strides toward equality.
The fintech industry is a booming one, with a market value of over 6 trillion dollars and an annual growth rate of 8%. This makes it an attractive field for both men and women. However, according to data from Accenture, only 16% of leadership positions in fintech are filled by women. And while this number may seem low at first blush, it represents a significant increase over previous years: just 10% of leadership positions were held by women in 2015.
Why is this? Well, there are many reasons why women may be underrepresented in leadership positions within the fintech industry – many of which are related to gender discrimination. For example, according to a survey conducted by PwC: “Over half (54%) of women [respondents] said they had experienced discrimination because of their gender at work; two-thirds (66%) felt that they were not treated equally compared with their male colleagues, and more than half (55%) said there was no female role model at their organization.”
However, despite these challenges, there is hope for change – and some companies have already taken steps to bridge this gap.
One such company is AMBCrypto, a cryptocurrency news, and information company that is incorporating gender-inclusivity at its core. It is important to leverage women in leadership roles as their perspectives can empower and shift the gender gap. One of the most important ways to close the gender gap is by encouraging young women to pursue careers in tech and STEM fields. The blockchain industry must also ensure that it is accessible and welcoming to people from diverse backgrounds and cultures. In many cases, blockchain technology is still being developed by its early adopters—many of whom are white men with technical backgrounds.
While AMBCrypto has adopted this approach from simply providing equal opportunities to everyone, the platform also takes an objective approach to its goals as a company and they believe a major part of it has been having women in their core team making those crucial decisions.