Documentary '$avvy' addresses importance of female financial empowerment.
While the numbers are slowly changing, it's no secret that women are still earning less than men for equal work. The most recent figure stands at around 82 cents to the dollar compared to their male counterparts.
For Black and Latino women, those figures are worse. They are closer to 62 and 52 cents to the dollar respectively.
The gap has been tightening over the decades, but the problem remains.
Most observers say it's an issue of sexis, but it also illustrates a problem with how women and girls are educated, and empowered, with financial decision making.
Whether it's the lack of financial literacy being taught in schools, lower starting salaries being offered across many industries, or predatory lending and advertising, the existing inequalities are complicated.
Add to that a plethora of evidence that shows the pandemic disproportionately harmed women, more than it did men, as they were faced with more pay cuts, lost jobs at a higher rate, and were primarily staying home to care for children at higher rates once schools and daycares shut their doors.
A new documentary looks at the gender gaps in financial compensation, literacy, and empowerment.
Called "Savvy", it will be the focus of a panel discussion here in Northeast Ohio next week, and the film will be screening virtually on Sunday.
Also in this hour, we discuss many companies' decision to move to digital, to become more efficient, increase worker safety, and improve profits. And we'll preview Case Western Reserve University's Digital Futures Conference happening next week.
- Youngjin Yoo, Ph.D., Faculty Director, xLab & Professor of Information Systems,Case Western Reserve Weatherhead School of Management
- Linda Rae, General Manager, Power Generation and Oil and Gas Businesses, GE Digital
- Steven Moskowitz, Ph.D., Director of Digital Transformation, Entegris & Chairperson, Innovation Research Interchange
- Robin Hauser, Director and Producer, "$avvy"
- Michal Marcus, Executive Director, HFLA of Northeast Ohio
- Haditha "Butter" Khan, former HFLA Borrower
"$avvy" Film Screening and Panel Discussion