Cryptocurrency start-up underpaid women and Black employees, data shows
Cryptocurrency start-up underpaid women and Black employees, data shows
- December 29, 2020
- Alexandra Marr, economics, New York Times, Dec. 29, 2020
The fast-growing cryptocurrency start-up Coinbase has been rattled in recent months
by tensions between executives and employees who said they were being treated unfairly
because of their race or gender. While management at the company has argued that the
complaints were limited to a handful of employees, Coinbase’s own compensation data
suggests that inequitable treatment of women and Black workers went far beyond a few
disgruntled workers. The Coinbase analysis was conducted for The Times by Alexandra
Marr, an economist who has provided statistical analysis for court cases involving
pay bias. When she factored in stock options for Coinbase’s employees — often an important
part of pay at start-ups — the compensation for women and men was roughly the same
while the gap between white and Black employees grew to 11 percent.
For the full story, please visit https://www.nytimes.com/2020/12/29/technology/coinbase-pay-employees.html.
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