While Seattle ranks second in the nation for women entrepreneurs, the gender wage gap in the Emerald City is another story.
A new study is out that shows Seattle having the largest wage gap between men and women among the 50 major cities in the country.
The study, performed by the National Partnership for Women & Families, found that on average, women in Seattle make 73 cents for every dollar earned by males, meaning the average woman here makes $16,346 less than the average man every year.
“But today isn’t just about women. And it’s not just about fairness. It’s about the economy,” Murray said in a statement. “And unfortunately, a recent study shows women in the Seattle area have it the hardest, suffering from the largest gender pay gap in the United States, meaning women have less money to put food on the table, stay in their homes, build a nest egg for retirement, and help pay for their children’s education.”
The study claims that women who are employed full time in the Seattle area lose approximately $7,894,987,232 as a group each year due to the wage gap, while about 23 percent of the 141,949 households in Seattle that are headed by women have incomes that fall below the poverty level.
Pittsburgh, Buffalo and Detroit followed Seattle with the largest wage gaps. Boston came in 17th, while Portland was in 20th. Los Angeles, meanwhile, had the smallest gap with just eight cents separating the average wages between men and women.
On average nationally, women earn 77 cents for every dollar earned by men. That’s been helped by the 1963 Equal Pay Act, but at less than a half cent per year.
The study noted that if that wage gap were closed, a full-time working woman could pay for food for 1.7 more years, afford 3,000-plus more gallons of gas and seven months of mortgage and utilities. The study encourages Congress to pass the Paycheck Fairness Act.
The tech and startup industry is certainly dominated by men. However, there are definitely some notable female entrepreneurs in the area: Mary Jesse at Ivy, Liz Pearce at LiquidPlanner, Jane Park at Julep and Christina Lomasney at Modumetal, just to name a few.
The picture to the right is from Startup Weekend Women’s Edition, an event hosted last summer by Julie Sandler of Madrona Venture Group and Shauna Causey of Decide.com. It marked the first time that a female-oriented hackathon was held in Seattle. Of the 90 participants, 75 percent were women.
Most of the women said that they were inspired by the event, saying that they would participate at future Startup Weekends. Adriana Moscatelli, a user experience designer who led the gaming upstart Pink Matrix Labs, said she made some fantastic connections during the event.
“In our daily work, we spend all day around guys,” said Moscatelli. “It was such a unique opportunity to spend time around so many smart, engaging and geeky women.”
GeekWire columnist Monica Guzman wondered if it was discriminatory to host an event that limits the participation of one group in favor of another.
“Is this a healthy event for our startup climate, or a flawed one?” Guzman asked.
You can check out Guzman’s column and all the interesting reader comments here.
Previously on GeekWire: Women in tech: Is Startup Weekend Women’s Edition fantastic or flawed?