Do Millennials experience pay gap?
How do Millennials experience pay gap?
Millennial women were raised in a society with the illusion of equality. From being told that we could be whatever we wanted to this illusion being solidified by our education system, it took many of us entering the working world to realize that women and men are still not equals when it comes to their salaries. While our generation’s inequality might not be as blatant as the one older women suffered from, there still is one. So how does the pay gap affect Millennial women?
According to a 2020 Leger study commissioned by ADP Canada, the gender wage gap is still very much present. It found that the gender pay gap doesn’t only affect women’s salaries, but it is possible to find a difference between bonuses both genders received in 2018 and 2019. Indeed it found a 24% salary gap and more than a 50% bonus gap (In 2019, men across the nation earned an average bonus of $7,646 compared to $3,250 for women).
The study also gives us insight into some regional trends. ADP Canada found that out of all Canadians, Quebecers are the ones who believe that “women and men are compensated equally in their organization when it comes to salary (80% compared to the 74% national average).” This indicates that compared to the rest of the country, we tend to believe more that gender doesn’t play a role in our compensation. This mindset can be dangerous and create a break for pay equity (if we think that we are compensated equally, we are less likely to fight for pay equity)
So while there has been much progress done, it is important to realize that pay equity is far from present in Canada and that there’s still a long way to go.