Based on research conducted by Prosper CO, a Denver organization dedicated to breaking down employment barriers for women and people of color, $45,000 is the annual wage needed for Denver residents to “scrape by.”
Looking at a 2018 American Community Survey from the U.S. Census Bureau, here’s what else they uncovered about workers in Metro Denver:
- 38.9% earned less than $40,000 (nearly half of this group were people of color, and more than half were women)
- Among people earning $63,080 or more, 81% percent were white and 65% were male
- Men, no matter race or education level, earned more than their female counterparts
In 2018, $63,080 was Denver’s average annual wage according to the U.S. Bureau of Labor Statistics. Judging by that number, $40,000 was the amount a Denver resident needed to meet the “bare minimum of self-sufficiency.” When the average annual wage jumped to $68,357 in 2019, the bare minimum was upped to $45,000.
All that to say women and people of color who fell below that $45,000 threshold were disproportionately affected by job loss throughout the pandemic.
Area companies can join Prosper CO’s leadership council in a vow to help close race and gender gaps. Prosper challenges those companies to follow these 10 steps to help foster an equitable work environment.
☀️ Temps are forecasted to officially hit 100 degrees today … Congrats?
— Peyton Garcia, (@peytonmgarcia)