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Did you know that women face a staggering $900,000 earnings loss over their lifetime due to the persistent gender pay gap?
But why? Well, a big part of it is the kinds of jobs women tend to have—like teaching, assisting, or working in healthcare support roles.
But ENTITY Academy is flipping the script by helping change the game!
Chief executive officer and founder, Jennifer Schwab, was interviewed by CBS MoneyWatch to discuss exactly how the company is on a mission to change that narrative.
Despite progress in education and the fields of science, technology, engineering, and mathematics, the wage difference remains wide, showing little improvement from two decades ago. In 2022, women only pocketed 82 cents for every dollar earned by men, according to the Pew Research Center.
That’s why Equal Pay Day on March 14 was created as a way to spotlight the persistent financial gap between men and women.
This gap isn’t just about pennies—it’s about cold, hard cash slipping through women’s fingers day in and day out. Those few cents might not seem like much at first, but over a lifetime, they add up to a hefty sum. And it’s not just affecting women’s wallets now; it’s messing with their retirement plans too, leaving them with less security and peace of mind down the line. It’s a serious issue that demands attention and action.
So what is ENTITY Academy doing to help? By equipping women with the right set of tools to upskill.
During Schwab’s interview, she highlighted ENTITY Academy’s efforts to create opportunities for women in fields such as cybersecurity, software development, and data science, traditionally dominated by men.
Providing access to education, mentorship, and networking opportunities helps to equip women with the skills and confidence to succeed in competitive STEM fields.
When women get help with networking and mentoring, it gives them a leg up. They can make more connections, learn from pros, and get the inside scoop on what’s happening in the industry. This helps them find better opportunities and boosts their chances of success in STEM.
Through ENTITY Academy’s programs, students can gain access to mentors in Fortune 500 companies such as Google, Netflix, Disney, and more!
The gender pay gap isn’t a battle that can be won overnight but it’s a battle that ENTITY Academy will continue to fight.
