Women are educated are now making their own rules by creating their own companies instead of working for one. According to in the past decade the number of privately owned companies started by women in America has increased twice as fast as the number owned by men. Women-owned companies employ more people than the largest 500 companies combined. Right now women are still living in a Man’s world. Although women have made great strides in the workplace; the increases in pay are coming at a slow speed especially with the fact that more women are educated than ever before.
As said earlier, women closed the gap considerably in the 1980’s and early 1990’s. But, yet the gap now continues to grow of the same position with the same amount of education. As stated by Goudreau (2011), “Women now earn nearly half of all degrees, but the compensation gap has increased in the last decade” (para. 9). Women doctors are becoming more popular than male doctors and yet they are not getting compensated for it.
Introduction Gender Pay Gap also referred to as Gender wage gap, gender income difference or male-female income difference refers to the difference between the earning of men and women (Victoria, 2006). The European Union defines the Gender Pay gap as the difference between men and women’s hourly earnings (OECD, 2012). The difference may be measured on hourly, weekly, monthly, or yearly earning. The difference is expressed as a percentage of the men’s earning. However, the difference varies from one industry to another, from one country to another and from one age group to another.
“April third has been declared by Feminist and labor groups as ‘Equal Pay Day’ because it supposedly takes 93 calendar days for women’s wages to catch up to men’s.” 3 Many people believe that sex discrimination is the main reason for the pay gap. However, several factors must be taken into consideration. On average, women earn 74 cents for each dollar earned by the male population. This number is calculated by comparing median annual earnings of men and women. But several other differences between the sexes make up for the variation in pay.
When President John F. Kennedy signed the Equal Pay Act of 1963 into law, he hoped that it would allow working women to finally earn the same amount of money as men; however, more than half a century later, men continue to out earn women in almost every field of work (Lipman para. 4). Male dominated fields tend to pay more than female dominated fields at similar skill levels. In 2012, women earned an average of $691 per week while men earned an average of $854 per week. Furthermore, the majority of women remain unaware that they are earning less than their male colleagues (Hegewisch para.
Universities and university systems like the University of Wisconsin System do not have comparable data for their graduates. University research on employment is largely hype about the importance of four-year graduates with no analysis of comprehensive hard data. Women graduates from the 16 Wisconsin Technical College Districts in 2003 made up 12,589 (65%) of 19,358 graduates as compared to 6,745 (35%) men. The percentage of women graduates from the WTCS has increased significantly since the 1980s but has been more than 50% for at least the last 20 years. The percentage of women graduates nationally from American two and four colleges and universities is increasing significantly each year and will eventually exceed or be on a par with men graduates from higher education nationally in “most” academic and professional majors, if they do not already exceed men in 2004.
Women who are equally trained and educated, and with the same experience are getting paid way less than men. In 2015, female full time workers earned eighty cents for every dollar earned by men. Gender wage inequality dates all the way back to World War II when more and more women entered the labor force. “Everything You Need to Know about the Equal
Pay gaps has been an issue between genders in stem fields. Young women in STEM fields earn up to one-third less than men. After women graduate with Ph.D.’s in STEM fields, they earn thirty-one percent less than men do. A study by PayScale, on the gender pay gap using salary data from more than 1.4 million full-time employees from pay scale, reveals that men are not just out earning women in male dominated fields, they make more money in every industry. (2015, Lydia Dishman) “Occupational segregation accounts for majority of the pay gap between men and women.
Many say that career choice is one of the top contributors. According to Cloutier, “In 2013, women made up 75 percent of education and health services employees, but only 33 percent of lawyers, 36 percent of physicians and surgeons, and 27 percent of chief executives in 2013.”(Cloutier 2). Based off a general Google search, you can search and see that education and health services pay significantly lower than doctors, lawyers, and CEO’s. This would answer the question “Why is there a wage gap?” The average of seventy-seven cents to a male’s one dollar is an AVERAGE. Based on Cloutiers’ statistics, it makes plenty of sense when three-fourths of women in the workforce work lower annual income jobs.
She became and equal member of society bearing the same economical burden as men. Women started going to colleges and universities later joining the work force in positions once held only by men. Fast forward with me now. Today there are more female college graduates than males. According to a report done by the PEW Research Center in over 1/3 of marriages woman have gained more education than their spouse (Parker-pope).