Achievable logo
Exam preparation
Lifestyle topics
Achievable blue logo on white background
Achievable blue logo on white background

Pay equity & discrimination

Women continue to confront a persistent gender pay gap, putting the goal of pay equity in jeopardy. This disparity is evident across various occupations, even in those predominantly occupied by women, where they earn less than their male counterparts for the same roles. The gender pay gap, a multifaceted issue, is not just a matter …

Achievable blue logo on white background
pay-equity-discrimination
Achievable blue logo on white background
Achievable blue logo on white background
Achievable SIE - $99
Pass the FINRA SIE on your first try with Achievable's online course. Includes everything you need: easy-to-read online textbook, 2,000+ review quizzes, and 35+ full-length practice exams.
Laptop displaying the Achievable exam prep dashboard and a smartphone displaying a quiz question

Women continue to confront a persistent gender pay gap, putting the goal of pay equity in jeopardy. This disparity is evident across various occupations, even in those predominantly occupied by women, where they earn less than their male counterparts for the same roles. The gender pay gap, a multifaceted issue, is not just a matter of fairness, but also has substantial negative economic implications. It reflects deep-rooted systemic biases and social norms that undervalue women’s work, and overburden them with caregiving responsibilities. Understanding the persistence and complexity of this wage gap is crucial for driving meaningful change and achieving pay parity in the foreseeable future.


Pay equity gap overview


Women make up nearly half of the workforce in the United States. They are the sole or co-breadwinner in 45% of opposite sex marriages, which is a dramatic increase from approximately 15% in 1972.


Source: Pew Research Center

Yet, the gender pay gap persists, with women continuing to earn measurably less than men. As of 2022, female workers over age 16 earned only 82 cents for every dollar earned by men.


Source: Pew Research Center

Furthermore, though the pay gap has stayed relatively stagnant over the past few years. While the pay gap saw a significant positive change from 1982 to 2002, moving from 65% to 80%, it has only seen another 2% change from 2002 to 2022. This is despite a widening gap in Bachelor’s degree attainment between men and women. If this pattern continues, it may take even longer to reach pay parity.


Source: Pew Research Center

Occupational segregation


This gender pay gap persists, to varying degrees, in nearly every occupation where there is sufficient data to calculate an earnings ratio. Even in fields that are dominated by women, men are still paid higher wages. For example, in the education, training, and library occupational category, where 73% of the workers are women, they are paid 80 cents for every dollar men make. One of the more significant contributors to the wage gap is occupational segregation, or the imbalanced concentration of men and women in specific jobs. Women are concentrated higher than men in low-paid positions in the service industry, which contributes to approximately half of the gender wage gap. If occupational segregation persists, the wage gap is almost certain to persist alongside it.


Source: The 19th News

Caregiving burden


Another driving factor of the persisting gender pay gap is the disproportionate burden women bear from family care, including in pregnancy, childrearing, or other family reasons. Women are 5 to 8 times more likely than men to have their employment negatively impacted by caregiving responsibilities


Source: Center for American Progress

Where women often are expected to reduce their working hours or quit their jobs entirely after giving birth, men tend to be less effected, even receiving bonus pay in several cases soon after having children. Furthermore, in egalitarian opposite sex marriages, women still spend more time on caregiving and house work than men, while enjoying less leisure time.


Source: Pew Research Center

Wider economic impacts


The persistence of pay inequality has massive impacts on the economy. According to the National Partnership for Women and Families, women in the United States lose a combined total of approximately $1.6 trillion every year due to the wage gap. Thus, families, businesses, communities, and the overall economy suffer due to the gender pay gap.


Conclusion


In conclusion, the gender pay gap is a complex issue deeply embedded in our economic and societal structures. Despite significant progress in women’s education and participation in the workforce, the persistence of the wage gap highlights the need for a multifaceted approach to further address this issue. Factors like occupational segregation, disproportionate caregiving expectations, and blatant undervaluation significantly impact both individual women and the national economy. Closing this gap requires efforts from policymakers, businesses, and society as a whole to create equitable policies and work environments that value women equally. As we continue to struggle with this issue, it is important to stay informed and committed to fostering change, shortening the time it will take for gender pay parity to finally become a reality.


Achievable blue logo on white background
Achievable blue logo on white background
Achievable SIE - $99
Pass the FINRA SIE on your first try with Achievable's online course. Includes everything you need: easy-to-read online textbook, 2,000+ review quizzes, and 35+ full-length practice exams.
Laptop displaying the Achievable exam prep dashboard and a smartphone displaying a quiz question
Achievable blue logo on white background
Related Posts
How online reviews influence sales: a comprehensive guide for retailers
Business

How online reviews influence sales: a comprehensive guide for retailers

In today’s digital age, online reviews have become an indispensable tool for both consumers and businesses. With over 95% of shoppers relying on online reviews to make informed purchasing decisions, businesses can no longer overlook the power of these digital testimonials. How reviews influence sales is the only question. A recent study by Northwestern University’s …

The concise guide to writing SMART goals
Business

The concise guide to writing SMART goals

Setting SMART goals is a valuable way to achieve progress and structure your professional development. If you’re not making progress towards your goals, looking for a way to be more productive, feeling lost or unsure of what constitutes success, or working with a team on a complex project, formatting your objectives in SMART goal format …

Women in corporate boards
Business

Women in corporate boards

In today’s corporate landscape, the importance of women in corporate boards cannot be overstated. It’s not just about meeting a quota or ticking a box; it’s about driving better corporate governance and, ultimately, making more informed business decisions. Countless studies have shown that companies with more women in corporate boards are financially stronger, more innovative, …

Achievable logo
Have questions?
Earn 20% as an affiliate
Partner with Achievable to generate new revenue from your website and help people achieve their professional goals
Learn more