Wage Gap

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“Is there a wage gap between Women and Men and if so why does it exist. The gender wage is the difference between the amounts of money paid to women and men, often for doing the same work. According to recent studies in 2019, Women still only make 79 cents for every dollar a man makes. While other studies with controlled factors show Women make 98 cents for every dollar a man makes. Regardless factors that are in a study, each and every study goes to show their is a gender wage gap. This gender wage gap that exists in American Society cannot be correct with increased education alone. The inequality is a direct result of unfair treatment through childbearing years and difficulties presented for women in managerial, executive, and directory job positions.

People often like to argue that the wage gap between women and men is an exaggeration, but that claim is far from true. For women of color and other minorities fare much worse. A study done by Institute for Women’s Policy Research, shows African American women only earn 65 percent of a white male’s median weekly earnings. Others argue that maybe black women aren’t earning more because they’re not pursuing degrees in order to get higher paying jobs. The National Center for Education Statistics found that black women are enrolled in college at a higher percentage than any other group — including white women, Asian women, and white men.

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“Women’s lower earnings are due to a number of factors, including lower earnings in occupations done mainly by women; lack of paid family leave and subsidized child care; and discrimination in compensation, recruitment, and hiring.” The Gender Wage Gap: 2018 Earnings Differences by Race and Ethnicity. Heidi Hartmann, Ph.D. March 7, 2019. Due to these inequalities, African American women have a much larger difficulty in gaining stable economic security. 80 percent of black mothers provide the majority of income for their households, a fair salary can mean the difference between struggling and sustainability for a family.

There are a lot of factors people place in an argue in their attempt to prove the wage gap is an exaggeration. “Women often are not assertive enough to ask for pay raises”, that is a statement for the opposition of the wage gap that is discrimination in it’s very own way. A study done in 2007, went to show that male employers are less likely to hire a women if they attempt to negotiate their salary. Many women are aware of this and are more likely to accept the salary offered without any negotiation for a higher salary. This is by no means any women’s fault but by fault of the culture, which goes to strongly show the inequalities women face in the workforce.

Another statement used to defame the gender wage gap is “Women earn less because they take off work for motherhood.” Professors Lawrence Kahn and Francine Blau at Cornell University completed a study that estimated that for every child a mother has she takes a five percent wage penalty. Female employees who are pregnant are perceived less committed, less dependable, and more emotional. While motherhood is a choice, it is a choice somewhat placed on women by society. For Example, it is totally not acceptable for a father to take time off work to raise his child, while it is nearly expected for a mother.

The the gender wage gap is largest among top earners. In 2015, an annual income in the tenth percentile was 92 percent of a man’s annual income. The annual income for a woman in 95 percentile was 73.8 percent of man’s annual income. Women in high-wage professions experience a wider gender gap often because they are penalized for not working long, inflexible hours.

Such rigorous work schedules tend to weigh disproportionately heavily on women, who are still responsible for more housework and child/elder care than men. Only making things harder, after women hit the age of 37 to 40, women’s wage growth plateaus and then drops off earlier than men’s. The growth in the gender wage gap during this time of life reflects the disproportionate impact of family responsibilities on women’s careers.

How might the gender wage gap affect the retirement security of America’s working women? Elderly women are more likely to economically vulnerable after retirement. A study completed in 2012, went to show that 35.3 percent of women at age 65 and older in the U.S. are economic vulnerable, while 29.2 of men in the U.S. are economic vulnerable. Not only is the gender pay gap highest among workers age 55 to 64, but recent studies suggest that women face strong age discrimination in the labor market, and that age discrimination against women is worse than it is for men (Neumark, Burn, and Button 2015; Farber, Silverman, and von Wachter 2015).

In a recent survey, one-fifth of all women ages 45 to 74 reported that they had taken time off work within the past five years to act as caregivers (DOL 2015). Older women’s caregiving responsibilities extend not just to their children but also to their parents. About 9.7 million Americans over age 50 care for their parents, and women are the majority of the caregivers. Leaving mch less time for women to catch up on retirement savings.

The presence of alternative ways to measure the gap can create a misconception that data on the gender wage gap are unreliable. However, the data on the gender wage gap are remarkably clear and unfortunately consistent about the scale of the gap. In simple terms, no matter how you measure it, there is a gap. And, different gaps answer different questions. By discussing the data and the rationale behind these seemingly contradictory measures of the wage gap, we hope to improve the discourse around the gender wage gap.”

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Wage Gap. (2021, Oct 15). Retrieved from https://papersowl.com/examples/wage-gap/