Wednesday, April 15, 2020
Wage Gap Why Leaning In Wont Help Women Get Equal Pay
Wage Gap Why 'Leaning In' Won't Help Women Get Equal Pay The more a woman works to distinguish herself and advance her career, the larger the wage gap separating her from similarly qualified male colleagues. Thatâs according to PayScaleâs new report, âInside the Gender Pay Gap,â which finds that the compensation gulf widens as a womanâs job level and educational attainment increase. Women whoâve earned PhDs and spots in the executive suite face the greatest wage discrimination of all. Male executives earn a staggering 33% more than their female counterparts. And even when controlled for factors like years of experience, education, skills, management responsibilities, and company size, the gap remains at 6%, according to PayScaleâs report, which collected data on 1.4 million full-time employees between July 2013 and July 2015. Men and women who have no management responsibilities have the narrowest controlled wage gap, at 2.2%. Even when a women has a mentor or higher-up looking out for her, the wage gap persists. While both men and women who have been recommended for leadership training earn more money than their counterparts who have not, men see a greater pay increase than women. Among those who have been targeted for the manager track, the wage gap is 3.3%; among those who have not, the gap is only 1.6%. And just as being a workplace leader doesnât close the gap, neither does more education. The controlled pay gap between a woman who holds an associate degree and her similarly credentialed male colleague is 2.2%, the smallest of any male-female peer groups. Women whoâve earned a doctorate face the highest controlled pay gap (5.1%), followed by MBA graduates (4.7%) and those who have earned medical degrees (4.6%). Surprisingly, women who opt to study at some of the nationâs most well-regarded schools also reported the biggest controlled pay gaps relative to their male peers. Ivy league graduates have a 4% controlled gender wage gap and a 28.7% uncontrolled gap. By contrast, graduates of art and design schools are tied with those of engineering schools for the lowest controlled gender pay gap, 1.9%. Read More: Kids Killing Your Paycheck? Only If Youâre Female, Study Finds Best and Worst States for the Gender Pay Gap Best and Worst Cities for the Gender Pay Gap This Is When the Gender Wage Gap Widens the Most Video Player is loading.Play VideoPlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 SharePlayback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio TrackFullscreenThis is a modal window. This video is either unavailable or not supported in this browser Error Code: MEDIA_ERR_SRC_NOT_SUPPORTED Technical details : No compatible source was found for this media. Session ID: 2019-12-30:28bd310af81056e33aa8553b Player Element ID: jumpstart_video_1 OK Close Modal DialogBeginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenClose Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.
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