How the Pink Tax Secretly Empties Our Wallets
Did you know buying Gillette razors for men is cheaper than purchasing Gillette Venus Silk? For years, women have been paying more for essentially the same items as men thanks to an infamous Pink Tax.
Many are unaware that a Pink Tax, i.e., a surcharge applied to products and services based on gender, even exists. And as you can guess by the chosen color scheme, women are once again on the losing end of the spectrum. In fact, according to a report issued by the New York City Department of Consumer Affairs, women’s products cost up to 13% more than similar products for men.
This means that women, particularly those of color, who make less on the dollar than men, pay more per dollar in retail. In 2015, congresswoman Jackie Speier, took this illegal practice to congress and introduced a Pink Tax Repeal Act to end gender-based pricing discrimination.