Marketplace®
Every story is an economic story
Season 4Episode 5Mar 7, 2023

Why do some people get paid more than others?

We’re breaking down the wage gap.

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Why do some people get paid more than others?
Camila Kerwin

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For this week’s question, both Henry and Nathanial wanted to know why some people get paid more than others. Ryan and Bridget help break down the “wage gap” with the help of the Vindicators superhero squad who are on a mission to make pay more fair. Plus, we brainstorm ways to fix the problem.

Graph of the pay gap between men and women.
Source: Bureau of Labor Statistics and Business Insider
Camila Kerwin

And now … tips for grown-ups listening to “Million Bazillion” with kids

Money Talks

After you listen to the episode, here are some questions you can ask kids to find out how much they learned about the wage gap:

  • What is the wage gap?

  • Why does the wage gap exist?

  • What are ways companies can make pay more fair?

(Scroll down or click here for answers!)

Tip Jar

If you and your kids want to learn more about the wage gap, here’s some extra material you might find helpful.

  • Here are more ways to talk to your kid about the wage gap from Girls Leadership.

  • Teaching kids to negotiate is an important skill that will help them fight the wage gap when they grow up. Listen back to our episode about the power of negotiation.

  • In this episode, the Vindicators decide to form the first superheroes union. The children’s book “¡Si, Se Puede!/Yes, We Can!” looks at the history of a janitors’ strike in Los Angeles.

Gimme 5

Thanks for listening to this episode. Do your kids still have questions about the wage gap, pay disparities or labor unions? Send them to us using this online form.

Money Talks Answers

  • The difference in pay between different workers.

  • Several reasons, including discrimination, implicit bias, limited child care options, societal beliefs.

  • Pay transparency. Double checking everyone’s being paid fairly. Not using someone’s pay at their last job to determine pay at their new job.

“Million Bazillion” hosts Bridget and Ryan hit Hollywood Boulevard to ask random kids not-so-random questions about money — just like they do on their podcast every week!

The Team

Thanks to our sponsors

NGPF

The Ranzetta Family Charitable Fund and Next Gen Personal Finance, supports Marketplace’s work to make younger audiences smarter about the economy. Next Gen Personal Finance is a non-profit that believes all students benefit from having a financial education before they cross the stage at high school graduation.

Sy Syms Foundation

The Sy Syms Foundation: Partnering with organizations and people working for a better and more just future since 1985.