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Economy

Fight for Equal Pay, Gender Parity Heats Up

WASHINGTON INFORMER — Despite the United States touting itself as the bastion of freedom and equality, women in this country — despite comprising 50.8 percent of the population — have always found themselves in the position of having to fight for salary and wages comparable to men.

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By Barrington M. Salmon, Special to The Informer via NNPA Newswire

Despite the United States touting itself as the bastion of freedom and equality, women in this country — despite comprising 50.8 percent of the population — have always found themselves in the position of having to fight for salary and wages comparable to men.

A range of studies show some progress, but stubborn racial and gender wage gaps persist in the United States. Often, researchers point to disparities in education, the fact that many African-American women and other women of color are clustered at the lower end of the pay scale and that the minimum wage hasn’t been increased since 2007 as factors contributing to the wage gap. But what’s often downplayed or ignored is the racism and sexism that’s also at play.

Black women sit at the nexus of race and gender and are buffeted by the twin spectres of these “isms”, and struggle upstream against a current of prejudice and bias which is compounded by gender and race. This intersectional discrimination exacerbates those gender and race gaps, stymies Black women’s ability to access educational opportunities, and has a pervasive and corrosive impact on their careers and career advancement, experts say.

The wage gap has real-world consequences.

Dr. Avis Jones-DeWeever said that over their lifetimes, Black women stand to lose between $800,000 and $1 million because of these disparities.

“While the gender pay gap is an issue for all women, it is an especially wicked problem for black women,”said Dr. Jones-DeWeever, a women’s empowerment expert, international speaker and diversity consultant. “Black women are already economically disadvantaged and face double discrimination within the workforce. The additional burden of a 38 percent pay gap exacerbates the black wealth gap in America. It’s such an engrained problem. The typical Black woman will lose more than $800,000 over her lifetime, and in DC, the inequality means that Black women could lose more than $1 million.”

“A black woman has to earn a B.A. to earn what a white man with a GED would earn. It’s huge and really hardwired into the system,” continued Dr. Jones-DeWeever, who, among her many portfolios, mentors and instructs black women on how to navigate the shoals of business and achieve career and financial success. “It’s devastating because with Black college-educated women making as much as 30 percent less than their white male counterparts, that’s a huge disadvantage. That means not being able to put food on the table, buy clothes for your children, not being able to have a better quality of life or diverting money to wealth-building.”

According to the National Partnership for Women and Families (NPWF), median wages for black women in the United States are $36,227 per year, compared to median wages of $57,925 annually for white, non-Hispanic men. This amounts to a difference of $21,698 each year. In that same report, NPWF also highlighted that if the wage gap were eliminated, on average, a black woman working full time, year-round would have enough money for:

  • Two and a half years of child care
  • Nearly 2.5 additional years of tuition and fees for a four-year public university, or the full cost of tuition and fees for a two-year community college
  • 159 more weeks of food for her family (three years’ worth)
  • More than 14 additional months of mortgage and utilities payments
  • 22 more months of rent.

The National Women’s Law Center reports that women of every race are paid less than men, at all education levels — and it only gets worse as women’s careers progress.

“Despite the fact that women have made enormous gains in educational attainment and labor force involvement in the last several decades, unequal pay remains pervasive in 97 percent of occupations, showing that no matter what their job, women are paid less than men doing the same job in nearly every sector of work,” an NWLC fact sheet noted.

Women who work full time, year-round in the United States are paid just 80 cents for every dollar paid to their male counterparts. This gap, which amounts to a typical loss of $10,086 per year for a working woman — or $403,440 over a 40-year career — means that women have to work 15 months … to make what men did in the previous 12-month calendar year.”

Studies by gender specialists, academics and women’s activists have statistics showing that the occupations African-American women have does not explain away the Black women’s wage gap, the NWLC said.

  • For example, Black women working as physicians and surgeons—a traditionally male, high wage occupation—make 54 cents for every dollar paid to white, non-Hispanic men working as physicians and surgeons.
  • Black women working as customer service representatives—a mid-wage, female dominated occupation—make 75 cents for every dollar paid to white, non-Hispanic men working as customer service representatives.
  • Black women working as construction laborers—a traditionally male, mid-wage occupation—make 81 cents for every dollar paid to white, non-Hispanic men working as construction laborers.
  • Black women working as personal care aides—a heavily female, low wage occupation—make 87 cents for every dollar paid to white, non-Hispanic men working as personal care aides.

In addition, Black women experience a wage gap even in occupations where they are over-represented. More than two in five African-American women (44.8 percent) are employed in one of 10 occupations. In every one of those occupations, Black women are typically paid less than white, non-Hispanic men. Among the 10 most common occupations for Black women, two of those occupations — cashiers and retail salespeople and janitors, building cleaners, maids, and housekeepers — typically pay Black women a very low wage — less than $10 per hour — while they typically pay white, non-Hispanic men substantially more.

Some solutions, NWLC experts say, include strengthening America’s pay discrimination laws, pushing harder to get Congress to pass the Paycheck Fairness Act, The Pregnant Workers Fairness Act, the Family Act and the Schedules That Work Act — all which would address the discrimination women face when they’re pregnant or caregiving and support those who need paid leave, predictable work schedules, and stability for themselves and their families.

Raising the federal minimum wage is yet another way to move towards parity. So far, six states and the District of Columbia have increased the minimum wage to $15 over the next few years.

Another solution is making the Earned Income Tax Credit more widely available to needy recipients. The EITC is a tax credit designed to offset payroll taxes and supplement wages for people working in low-wage jobs, providing the most benefits to low- to moderate-income families with children. The federal EITC lifted more than 1.2 million women 18 and older and nearly 3.5 million children out of poverty in 2017, and 28 states and the District of Columbia currently offer their own EITCs to provide an additional boost.

Dalana A. Brand, vice president of Global Total Rewards at Electronic Arts, Inc., contends that Black women can’t afford to wait, arguing in an opinion piece last year for Blavity, an Internet media company, that in the midst of the flurry of publicity, tweets, posts, hashtags and calls for change, one important element is missing.

“What often gets left out of that discussion is that the hallmark day in April does not apply to black women and other women of color,” she said. “… So, while white women caught up on April 10, black women must wait for over half the year to pass before our wages catch up to what men made a year ago.”

Brand, a highly-sought after salary strategist and career transformation coach, said black women are paid 38 percent less than white men and 21 percent less than white women but “the sad fact is that most people are either unaware or don’t care about the appalling disparity black women face with respect pay equity.”

She added that a study by LeanIn.Org, which partnered with Survey Monkey and the National Urban League, indicates that a third of Americans aren’t aware of the pay gap between black women and white men, and half of them don’t know about a similar gap between black and white women.

Much like the feminist movement, black women are being largely ignored by the equal pay movement,” she added.

Dr. Jones-DeWeever and Brand said that as career strategists and salary consultants, there are a number of things that Black women can and need to do to fight back against wage disparities. The first action is for Black women to embrace their power and value and translate that into dollars and benefits during salary negotiations.

“We don’t understand the basics of negotiating,” Dr. Jones-DeWeever said. “We have to understand our value and how to negotiate. When you’re first hired, that’s when you’re most powerful. I never accept the first offer. The first offer is only the beginning of negotiations. You’d be surprised how much money you can get. You have to negotiate for money, a package and vacation.

Black communities must also take other tacks to confront and topple this problem, they said.

“The reality of racism means that Black women will be offered less,” said Dr. Jones-DeWeever. “In terms of fixing it, we have to have conversations about financial literacy and we also have a responsibility to educate our children about their power, worth and value and empowering them.”

Brand concurred.

To date, she said, much of the equal pay movement has been focused on awareness building campaigns and encouraging women to effectively negotiate their salaries.

“While these are important steps, this is only scratching the surface,” Brand explained. “Getting to pay parity must also involve addressing the corporate systems and state and federal laws that need to change. As black women we must unify and use our collective voices to push pay equality and the racial wealth gap to the top our agenda. Black women have always been at the forefront of the push for equality in our country, whether it was civil rights or social justice, we have been critical forces for change. The equal pay movement should be no different.”

Brand and Dr. Jones-DeWeever are called in frequently to consult with Fortune 500 and other companies. They said Black women should also be actively engaged in tackling the equal pay issue within corporate America by participating in employee resource groups at work and collectively guaranteeing that the companies they work for are held accountable for addressing these issues.

African-American churches, sororities and fraternities and civil society and community organizations need to actively engage in the political process and pressure elected officials to advance additional laws designed to protect against gender discrimination and pay inequality, they said, and concerned people also need to organize efforts and/or sign petitions to demand to push the government to act.

This article originally appeared in the Washington Informer. 

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Economy

How the Sandwich Generation Can Help Protect Aging Parents’ Finances

One in four American adults now belongs to the “sandwich generation,” balancing the demands of raising children while supporting aging parents. Women frequently bear a disproportionate share of this responsibility, facing significant physical and financial strain. With November designated as Chase Fraud & Scam Prevention Month, caregivers are encouraged to initiate vital conversations regarding financial snapshots and long-term goals. Establishing a proactive plan and building a support system can help secure a family’s legacy while defending against common predatory tactics, and you can read more here.

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Planning and scam prevention tips for caregivers balancing kids and parents

If you’re raising children while also supporting an older parent, you’re likely managing schedules, healthcare needs, day-to-day decisions and even finances. People in this group are often called the “sandwich generation,” which now encompasses one in four adults in the U.S.

Women also often carry a disproportionate share of this responsibility: three in five family caregivers are women. Women are more likely to report physical, emotional and financial strain from caregiving, which can make it harder to protect their own well-being and long-term financial security. 

For the sandwich generation, the holidays can be a natural time to talk with parents about money, including how to protect their finances from scams. November is Chase Fraud & Scam Prevention Month – designed to help people recognize common scams, avoid in-the-moment mistakes and better protect their money and personal information.

Here are some tips to keep in mind.

Check In and Make a Plan

Finances can be incredibly personal, and many parents worry that accepting help means losing independence. Start by framing the conversation around peace of mind and organization – not control.

Check in on your finances and long-term plan, too. You’ll be better equipped to care for others when your own financial foundation is secure. 

Also consider helping your parents create a “financial snapshot.” J.P. Morgan Wealth Management’s guide for supporting aging parents outlines a few considerations:

  • Location of key accounts: banking, investments, retirement, credit cards, insurance
  • How bills and recurring expenses are paid
  • Whether beneficiaries are up to date
  • Where important documents are stored and who has access

Then ask what goals matter most in the years ahead: staying in their home, supporting family, traveling, planning for healthcare or leaving a legacy. Goals can evolve, so revisit them periodically. Planning tools can help – like J.P. Morgan Wealth Plan, a free digital money coach in the Chase Mobile® app or at chase.com.

A financial advisor can help create a plan tailored to you and your parents’ needs. An estate planning attorney can document your parents’ wishes, including who may act if they cannot make decisions themselves. 

Understand Common Scams 

Scammers often use urgency, fear, secrecy or affection to pressure people into acting quickly. Recognizing these tactics can help you and your family spot red flags sooner. Common scams include: 

  • Investment scams: Promises of high or “guaranteed” returns with little risk. 
  • Tech support scams: Requests for payment or remote device access. 
  • Impersonation scams: Messages impersonating trusted organizations or loved ones, asking for money, passwords, account details or other personal information. 
  • Romance scams: Online relationships that lead to requests for money. 

Chase hosts more than 1,000 free fraud and scam prevention workshops annually, including hundreds across all lower 48 states throughout November.

Stay Proactive and Vigilant 

If you or a loved one suspects a scam, slow down and stop communicating with the individual immediately. Contact your bank through a trusted channel to review recent transactions and report the incident to appropriate authorities.

Also consider a few simple steps for protection: 

  • “Trusted Contact Person”: Designate a trusted adult who may be notified about certain online wire activity. 
  • Tech tips: Use unique passwords, multifactor authentication and account alerts, keep devices updated and monitor accounts regularly for unusual activity. 
  • Behavior changes: Watch for secrecy around finances, unusual transactions, unexpected changes to financial documents or pressure from new acquaintances. 

You’re Not Alone

Caregiving is demanding, and it shouldn’t be a solo effort. Build a support system – which can include family, friends and professionals such as healthcare providers, attorneys and financial advisors. A thoughtful conversation now can help your parents stay organized and protected in the future.

For free educational resources on planning for yourself and loved ones, visit chase.com/theknow

For more information and practical tips about fraud and scam prevention, visit chase.com/security

The views, opinions, estimates and strategies expressed herein constitutes the author’s judgment based on current market conditions and are subject to change without notice and may differ from those expressed by other areas of J.P. Morgan.

This information in no way constitutes J.P. Morgan Research and should not be treated as such. You should carefully consider your needs and objectives before making any decisions. For additional guidance on how this information should be applied to your situation, you should consult your advisor.

JPMorgan Chase & Co., its affiliates, and employees do not provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any financial transaction.

J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment adviser, member FINRA and SIPC.

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Business

Oakland Latino Chamber of Commerce Hosts Statewide Convention, Generating $3 Million in Economic Impact

The Oakland Latino Chamber of Commerce recently hosted the 47th Annual California Hispanic Chambers of Commerce Statewide Convention, drawing more than 1,000 attendees to the city. The event generated an estimated $3 million economic impact, benefiting local retailers, hotels, and small businesses throughout the region. Organized in partnership with Visit Oakland, the convention featured a marketplace for local entrepreneurs and focused on advancing economic prosperity for Latino-owned businesses. Several innovative features were introduced during the summit to provide lasting resources for the state’s business community, read more.

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Cutting the ribbon at the California Chamber of Commerce (CHCC) last month were CHCC Northern Region Director Mayra Perez, Aliza Gallo, Oakland Latino Chamber President CHCC Foundation Chairman David Betancourt, CHCC Madam Chair Veronica Corona, CHCC President & CEO Julian Canete and CHCC Northern Region Chair Leo Callejas. Courtesy photo.

The Oakland Latino Chamber of Commerce (OLCC) recently served as the Host Chamber for the 47th Annual California Hispanic Chambers of Commerce (CHCC) Statewide Convention, held in Oakland in August 2026.

The Convention welcomed more than 1,000 attendees from throughout California and generated an estimated $3 million economic impact for the City of Oakland, providing significant support to local hotels, restaurants, transportation providers, retailers, and small businesses.

In conjunction with Visit Oakland, OLCC brought in various local sponsors and worked closely with the California Hispanic Chamber of Commerce, to make the Oakland Convention a success.

The success of the 47th Annual CHCC Statewide Convention demonstrates what is possible when business leaders, entrepreneurs, community organizations, and public partners work together with a shared vision, said Aliza Gallo, president of the OLCC.

“By welcoming more than 1,000 attendees and generating an estimated $3 million economic impact, we not only showcased Oakland as a premier destination for business and innovation but also created lasting opportunities for local businesses and entrepreneurs,” said Gallo, who also served as co-host of the event.

She adds that the “convention elevated Oakland’s visibility, strengthened statewide and local partnerships, and reinforced the Oakland Latino Chamber of Commerce’s commitment to advancing economic prosperity for our members and our community.”

As part of its leadership role, OLCC introduced two innovative features designed to extend the convention’s impact beyond the event itself. Conference workshops were recorded and made available for continued learning and professional development.

These recordings will be shared with OLCC members and made available for broader public access, expanding educational opportunities for businesses and entrepreneurs throughout California. The workshop content will also be distributed to the 85 Latino Chambers and Affiliate Members within the CHCC network, which collectively is 135 member organizations statewide.

In addition, OLCC created and managed the Oakland Mercadito, a vibrant marketplace showcasing local Latino and Latina entrepreneurs. The Mercadito provided small business owners with an opportunity to market their products and services, connect with new customers, and gain exposure to business and community leaders from across the state.

The initiative highlighted Oakland’s entrepreneurial talent and demonstrated OLCC’s commitment to supporting small business growth and economic opportunity.

“Oakland is one of the most diverse cities in the United States” commented Peter Gamez, president & CEO of Visit Oakland. “Our city’s celebration of culture makes everyone feel they belong here and allows for truly authentic experiences.

“Our diversity is a powerful draw for groups and individual visitors. We are extremely proud of this and continue to cultivate and grow this message as we welcome conferences and conventions to The Town,” Gamez said. 

For more information, see the Visit Oakland video about the CHCC Convention In Oakland: https://lnkd.in/p/eRpe2sYD 

The Oakland Latino Chamber of Commerce is the source of this story.

About The Oakland Latino Chamber of Commerce

Oakland Latino Chamber of Commerce (OLCC) www.oaklandlatinochamber.com is dedicated to advancing economic opportunity, strengthening business capacity, and elevating the visibility of Latino-owned businesses throughout Oakland and the East Bay. Through advocacy, partnerships, technical assistance, and community engagement, OLCC works to ensure that Latino entrepreneurs have the resources and support necessary to thrive. 

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Business

AG Bonta Announces Action on Cryptocurrency, Sextortion Fraud – Increasingly Targeting Gen-Z

California Attorney General Rob Bonta is warning residents about a surge in cryptocurrency fraud and online sextortion schemes that increasingly target Gen Z through social media platforms. With internet-based scams costing Americans nearly $21 billion in 2023, Bonta highlighted how artificial intelligence and deepfakes allow criminals to impersonate loved ones and promote fraudulent investment groups. The Attorney General’s Office has already shut down over 100 fraudulent websites and is now utilizing new legislative tools to recover assets for victims. Read more.

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California Attorney General Rob Bonta warned residents about rising cryptocurrency fraud and online sextortion scams, urging Californians to recognize warning signs and protect themselves as scammers increasingly target younger people through social media.

Speaking at a news conference on Oct. 19, Bonta said Americans lost $20.9 billion to internet-based scams in 2025, including $11.4 billion to cryptocurrency scams. He said artificial intelligence, deepfakes, and malicious smart contracts have made fraud easier to carry out and more difficult to detect and prevent.

While older Californians remain targets, Bonta said his office has seen a sharp rise in reports of Gen Z consumers being targeted on platforms such as Twitch, TikTok, and Instagram.

One growing scheme involves so-called rug-pull scams, in which fraudsters promote low-priced stocks or volatile cryptocurrencies through online investment groups and streaming communities. After generating interest and driving up prices, scammers sell their holdings, causing values to collapse and leaving investors with losses.

Bonta also warned about sextortion, in which scammers trick or coerce victims into sharing explicit images before threatening to distribute them to friends and family unless they pay. He advised victims not to give in to demands, saying scammers often do not release the images when victims refuse to pay. Instead, he recommended ignoring and blocking the perpetrators.

Another scheme, known as recovery fraud, targets people who have already lost money to cryptocurrency scams. Fraudsters impersonate blockchain recovery specialists or law enforcement officials and demand additional payments while promising to recover stolen assets.

Bonta urged Californians to be skeptical of promises of large returns on small investments, fake cryptocurrencies resembling established ones, and celebrity endorsements that may have been generated using artificial intelligence. He also warned that scammers can use AI to impersonate loved ones through manipulated video and audio.

“Never use a crypto ATM,” Bonta said, emphasizing that transactions can be difficult to trace and reverse and that the machines lack adequate consumer protections.

His office has shut down more than 100 fraudulent websites over the past two years that collectively scammed victims out of at least $8.3 million, he said.

Bonta also highlighted Senate Bill 1208, which he said was recently signed into law. The measure allows law enforcement to petition a court to return seized cryptocurrency to victims, including when alleged perpetrators are outside U.S. jurisdiction.

Residents who have fallen victim to scams can report them to the California Department of Justice at oag.ca.gov/report.

Bonta also urged victims not to feel embarrassed, stressing that scammers are responsible for the harm they cause.

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