Looking at the Dow Jones Pay Gap. Again.
March 14, 2023 is Equal Pay Day, and for the fourth time in the past seven years, IAPE is shining the spotlight on pay inequities at Dow Jones. Using pay data provided by the company, IAPE examined salaries as of Dec. 31, 2022 for 1,445 full-time, union-represented employees. The results are once again disappointing: significant gaps in pay still exist across lines of gender and race throughout the company.
See for yourself. Read an IAPE Review of Pay Practices at Dow Jones.
Among the findings:
Median salaries for male employees across the entire IAPE-represented workforce exceed medians for female employees by 17.8%.
Median pay for male reporters, special writers and senior special writers exceeds female medians in under-30, 45-49, 50-54 and over-55 age groups.
Largest median and mean gender gaps were found in the B2B business unit.
In Technology, not only are male employees paid more, they outnumber female colleagues by more than a two-to-one margin.
In all units except technology, median and mean pay rates for white employees are higher than those for BIPOC employees.
Largest median gaps between white and BIPOC employees were found within the Barron’s Group and News WSJ units.
Of 550 IAPE-represented employees in News WSJ, only 22 staffers were reported as Black; only 26 as Hispanic/Latino.
Among 332 IAPE-represented Reporters and Special Writers, only four are identified as Black, and only eight as Hispanic/Latino.
IAPE will continue to call attention to these company pay practices, and will work to highlight other disparities among the unionized ranks. Continue to respond to union surveys for additional demographic information, including how you identify.
IAPE demands Dow Jones seriously address pay equity and workplace diversity.