pay transparency Archives • Bitches Get Riches

One Easy Thing All Allies Can Do to Help Close the Gender and Racial Pay Gap

1 Easy Way All Allies Can Help Close the Gender and Racial Pay Gap

February 9, 2021June 17, 2022 Lauren Torres ("Kitty") 16 Comments

If you’re a rad intersectional ally who wants to make life fairer for everyone, there’s one incredibly easy thing you can do—right now—to close the gender and racial wage gap. It has to do with pay transparency. It’s an incredibly powerful form of activism, and it can be done by almost anyone. Are you ready? Here it is…

Tell your coworkers how much money you make.

Especially women, people of color, disabled people, immigrants, and any one else who is part of a historically marginalized or exploited group.

And be specific and honest! No ranges, no euphemisms, just the exact number that appears on your paycheck. Don’t skip over any bonuses, raises, or other perks you’ve earned or negotiated, such as extra vacation time, remote work days, or tuition reimbursement.

Pay transparency is a tremendous boon to yourself as well as them. And we need it now, more than ever. Here’s why.

How NOT to Determine Your Salary

November 4, 2019November 10, 2023 Lauren Torres ("Kitty") 12 Comments

Last week I was chatting with a rad young lady who is about to start her final semester of college. When the subject of careers and negotiation came up, I couldn’t contain my enthusiasm. (“Teaching young people how to negotiate their salaries” is what I write down on the religion line on surveys.)

I asked what salary range she was asking for, and she quickly answered: “$37,000.”

It struck me as an unusual number for two reasons:

First, it seemed mighty low. Many people live happy, stable lives on as much or less—but she was a high-achieving college student entering a STEM field in one of the ten most expensive American cities. I expected double or triple that amount.
Second, what’s with the non-round number? Usually when people talk about hypothetical large numbers, they do so in intervals of fives and tens. It’s why the JonBenét ransom note haunts us all to this day! (And by “us” I mean rubberneckers who were alive in the 90s and/or true crime nerds. Surely everyone belongs in one of those demographics.)

So I dug deeper. “Why that number?”

She explained that she sat down with a notebook and wrote down all the expenses she might have in a given month. “Rent, internet, groceries, student loans, car insurance… I added it all up, multiplied by twelve, and added 10% for savings. It came out to $36,200, so I rounded up just to be safe.”

My nurturing altruism joined forces with my baser capitalist instincts to manifest a camera to do a dolly zoom on my horrified face.

Queer Finance 101: Ten Ways That Sexual and Gender Identity Affect Finances

November 12, 2018June 16, 2022 Lauren Torres ("Kitty") 18 Comments

Ah.

Gay rights.

That thing we don’t have to do anymore because they’re finally getting married!

Hold on please, my producer is speaking into my earpiece… Okay, my producer is saying that evidently legal integration into the institution of marriage is actually not the final and defining achievement of queerdom.

Our clear-eyed, big-hearted Patreon donors have requested an article on how queerness affects people’s finances. It’s good timing because I just finished watching The Haunting of Hill House and I’ve never felt bi-er! (And yes, before you ask, my official order is Theo > Shirley > Luke > Nell > dead kitten > Steven.)

I am ready and raring to accept my crown as queer queen of bummer-ass articles!

Note: Throughout this article, I will use the word “queer” to encompass all people who are not both cisgender and heterosexual. I’ll talk a lot about gay people and trans people specifically because those are the populations that usually have all the good scientific studies and economic surveys to shellac my ramblings with a gorgeous patina of Facts.

But we love all you aces, aros, bis, enbies, pans, polys, intersex individuals, questioners, queens, and whatever the hell other gender and sexual minorities I left out.

Something Is Wrong in Personal Finance. Here’s How To Make It More Inclusive.

October 23, 2017February 2, 2022 Lauren Torres ("Kitty") 37 Comments

We recently wrote an article about how raising awareness isn’t enough. Our thesis was that you need to pair awareness with some kind of action. Well, good thing we practice what we preach!

Last time we talked about some of the many ways being white brings unearned financial privileges. We got a ton of great responses from readers—many of them white—who are happy that the talk is being talked within the personal finance community.

Now let’s tell you how we think you can walk the walk. Here are our suggestions to make the personal finance community more realistic, more inclusive, more ambitious, and all-around better.

Let’s get to work.

C'mon personal finance community! Let's roll up our sleeves and get more inclusive!

The Fascinating Results of Our Job Hopping vs. Career Loyalty Poll

June 7, 2017May 20, 2021 Lauren Torres ("Kitty") 8 Comments

Guys, we Bitches can’t thank you enough for stepping up and volunteering your salary histories for our recent article on job hopping. If you haven’t read it yet, go check it out. And feel free to skip straight down to those juicy, delicious, nutritious comments.

We discovered some really interesting trends, and we’re going to break them down for you now!

Overall, commenters were big fans of a hybrid approach. Job hopping was universally endorsed as an essential move, regardless of career path, even by serial job monogamists. But occasionally stopping to rest once you’ve landed in a good position was also extremely popular.

Here are some of the factors that made people stay… and go.