I recently came across a study by Benjamin Artz, Amanda Goodall, and Andrew J. Oswald that concluded that women actually are asking for raises as often as men, but their requests are treated differently. This led me to another interesting study by Andreas Leibbrandt and John A. List that found that men and women had similar negotiation behaviors when job descriptions specifically noted that the wages were negotiable. If it was not mentioned, then the men in the study were more likely to negotiate than the women.
April has become my favorite month. April 1st is not only April Fool’s Day, but it’s also Merino Wealth’s Anniversary. This year we turned 3! In my line of work, I often see that businesses typically hit their stride in the 3-5 years range so it feels great to be on this side of things.
A lot has happened in these past three years. “MeToo” and “Timesup” have taken on new meanings while terms like Mansplaining and The Mental Load have helped to articulate things some of us have been feeling for years. We have a record number of women serving in Congress. And let’s not forget “The Year of the Woman!”
April 10th was a big day around Merino Wealth-Equal Pay Day. This day highlights the gap between men and women’s wages and is currently held every April to symbolize how far into the year women need to work to make what men did in the previous year. It is always on Tuesday to "represent how far into the next work week women must work to earn what men earned the previous week. In other words, because women earn less on average, they must work longer for the same pay.