Today we’re talking about the economics of women and what we can do to bridge the gender wage gap.

 

The gender pay gap has been a very real issue in the workplace for years, and it seems like we are finally starting to bring more awareness to this problem. The individuals that are willing to take a stand and be uncomfortable while we address the reality of this matter are the ones that will create positive change for women all over the world.

Financial advisor, Cheri Blair, joins me to provide insight into what’s actually going on with the economics of women in the world today and what can we do to create necessary change so that that situation improves. She shares factors contributing to the gender wage gap and how women and minorities can work towards a system that delivers equal pay for equal work.

 

We Discuss:

  • Saying the right thing when you don’t know what to say – 5 steps for effective communication
  • The economics of women today and what it will take to ensure that the gender gap narrows
  • Why societies can’t afford to lose out on the skills, ideas, and perspectives of their women
  • The slow progress we’ve seen so far and why there is still a very long road ahead of us
  • How the lack of leadership opportunities available to women contributes to this wage gap
  • Women and minorities with advanced degrees that aren’t receiving equal pay for equal work
  • Occupational segregation, bias against working mothers, education, and racial biases
  • Why a woman’s “traditional” role as an unpaid caregiver has had an impact on wage gap views
  • The actions that companies and individuals can start taking to create equality in the workplace
  • Why it’s crucial to speak up and get uncomfortable at times in order to create positive change

 

“To fix the problem we have to make sure that we do everything we can to ensure a fair chance for women and minorities to advance in companies. If not, then the organizations will continue to lose diverse talent, and rather than assuming the onus is on the candidate, they’ll have to take notice that they have a problem and they need to fix it.”  –  Cheri Blair

 

About Cheri:
Image of Cheri Blair

Cheri Blair has been serving entrepreneurs and business owners in the financial service industry for over two decades, especially focusing on empowering women.

Being the only girl of six siblings, from a young age, she found that she had to outperform her brothers to be seen as an equal in the eyes of her family. After all, “she was just a girl.”

As a sensitive and kind-spirited girl, she had to continually fight to overcome the gender inequality pervasive throughout the Midwest in her generation.

Cheri grew to appreciate the importance of financial education and independence after observing her mother lacking the understanding of fundamental financial decisions.

Cheri came to California as a young woman eager to establish herself. She studied psychology at Chapman University before working in real estate overseeing client’s portfolios. Through hard work and dedication, she was promoted to Asset Manager, where she continued to grow her expertise in business.

Cheri moved from Newport Beach to San Diego with her baby, Tovia, after separating from her husband. With her experience, she joined Metlife Financial Services as a Financial Advisor.  She received training from leaders in the industry before discovering her passion for serving women.

It was then that Cheri presented informative seminars to educate, and advance her clients’ financial literacy. She encouraged women to develop their financial confidence and build that muscle so they could flex it whenever needed. As a single mother, she never lost sight of her financial independence and strived to promote this with other women!

Along the way, Cheri has earned recognition as a leader in the field, winning multiple awards for her services.  She maintains a “client-centric” practice, understanding their needs come first. 

It’s important to Cheri to develop relationships with her clients that are steeped in trust. She makes sure they always know their options and actively participate in the planning process.  She believes that there are “no stupid questions” and has dedicated her life to teaching financial literacy to all!

Cheri always likes to say…” You must value your future comfort as much as you value your comfort today!”

 

“The World Economic Forum is saying that it could take 202 years, according to a 2018 Global Gender Gap Report, for the gender gap to narrow. There’s still a long way to go before parity is reached.”  –  Cheri Blair

 

Resources Mentioned:

 

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Check out the video below to watch our interview in studio: