Salary discrimination at Coinbase pointed out by a report

For cryptocurrency enthusiasts, Coinbase , the virtual currency wallet is a benchmark. But the following news may well tarnish the image of this established firm in its industry. According to an article published in the New York Times, flagrant discriminations salary are indeed to be deplored within the company.

Among the victims of this injustice, people of color , but also the fairer sex . And according to the report by Alexandra Marr, the economist who conducted the survey, the aforementioned groups would be significantly less paid than white men, even if they hold the same functions.

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Note that these are not simple accusations, since people working in this company have agreed to testify. Apparently this sort of business has already hurt this business. But following this article's publication in the New York Times, Coinbase's chief human resources officer, LJ Brock, said analyzes complete will take place.

Shocking glaring wage differences

According to data released by the New York Times, since late 2018, about 830 women working at Coinbase were making $ 13,000 annually. And among people of color, the numbers even went down to $ 11,500 .

< p style = ""> According to the informations shared by the New York Times, while the fairer sex earned 8% less than white men in similar positions, blacks pocketed 7% less . And as if that weren't enough, as Alexandra Marr clarified, when Coinbase's stock options kick in, the wage gap between whites and blacks can climb to 'at 11% .

Nine employees of the firm thus testified in this direction. One such victim, a 25-year-old woman named Alysa Butler, even said that while pay discrimination is rife in the tech industry, it is particularly blatant at Coinbase.

Behavior that got Coinbase into trouble

As recently as this year, Coinbase filed for an initial public offering. But following the denunciationion of fifteen of its workers of color, reporting that the firm exploited them, this request was not accepted.

And following this article published in New York Times, LJ Brock reported that an investigation, Coinbase employee income , will be opened. Note that this internal review will last from the end of 2018 until today, just to see what it really is.