Sometimes, everything old is new again. Nonetheless, we were startled to find out that the wage gap between male and female nonprofit Executive Directors and CEO’s got worse in 2018, in spite of some progress in 2017. In this years’s Compensation + Benefits Survey, the gap had risen to a difference of about $30K annually – a big jump. This is despite the fact that 67% of ED’s and CEO’s are female. We’re curious about this trend, since the nonprofit workforce is 70% women, and especially light of all the activity around female leaders speaking out. Weigh in! Talk to us on our social media channels: we’d like to hear your opinion on how to reduce that gap. This is only one of the illuminating facts from this year’s survey.
Three questions on retraining and the future of work with economist Jay Shambaugh.
What can individual workers do to better prepare themselves for the workplace of the future?
The silliest but probably most honest one is stay in school. I am a total believer that for the economy as a whole, education is not a sufficient way to solve wage-growth problems. But for an individual, it is. For an individual, the more education you have, the lower your unemployment rate and the higher the wages will be over your career. The other thing is to back politicians and policies that are supportive of what you think you need in your working life.
Who do you think has the responsibility to retrain workers, and who do you think is doing it effectively?
NYT opinion columnist David Leonhardt is reimagining the rules of our economy: in an era of deep economic stagnation, now is the time for bold, progressive economic policymaking, he says.And, as Leonhardt notes, most Americans support ambitious solutions. From a $15 minimum wage for infrastructure workers to a targeted response to rampant market power, voters are ready to make these big ideas real, so policymakers can move our country forward—toward an economic and political system that works for us all.