Transgender workers in the United States are faced with a pay gap that accounts for almost one-third of their nontransgender colleagues’ salaries, a study found.
Nontransgender workers are paid 32% more than their transgender colleagues, regardless of education level, according to a report titled “Inclusion and the state of being Transgender in the workplace,” published by McKinsey & Company.
“Cisgender employees make 32 percent more money a year than transgender employees, even when the latter have similar or higher education levels,” according to the report.
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This inequality holds back billions in annual consumer spending, McKinsey & Company reported Nov. 10.
More than 2 million transgender people reportedly live in the U.S.
Many feel they are unable to understand workplace culture and benefits, which serves as a barrier preventing them from being promoted, the McKinsey & Company report stated.
“Some of the most defining findings from our transgender inclusion study were those anchored in ‘safety,'” said David Baboolall, an associate partner at McKinsey & Company and author of the report who identifies as “they/them.”
Transgender employees are not just seeking inclusion, Baboolall said. They are seeking a safe place free of physical, mental, and emotional harm.
“Being transgender today often means facing not only stigma but also increasing threats to safety and existence,” Baboolall said. “Safety, at 59%, was by far the most cited concern for transgender people in their decisions not to pursue certain industries.”
Confronting the inequalities facing transgender people is the “right thing to do,” Baboolall added.
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“The transgender experience often gets erased or ignored because people simply don’t have the vocabulary to talk about it or are afraid they’ll cause offense by getting the words they do know wrong,” Baboolall said. “Being committed to diversity, equity, and inclusion means being committed to uplifting all disadvantaged communities, not just some of them — true equity is hard to achieve, but if it is, the upside is tremendous.”
