Of all states, New York has the lowest wage gap. But even then, according to research carried out by the Institute for Women’s Policy Research, New York women make only 87 percent of what their male peers do. In a city where living costs are incredibly high, any wage disparity whatsoever can push women into poorer living conditions with fewer opportunities. Once again, this puts them behind men in terms of progress.
Furthermore, an analysis conducted by The Institute for Women’s Policy Research and The New York Women’s Foundation estimated that it would take until 2049 for the state’s racial and gender wage gap to close. To put things into perspective, research conducted by The National Partnership For Women and Families claims that women in New York have already lost nearly $54 billion as a result of the wage gap.