Advertisements

Women’s News: Gender Wage Gap Causes Typical Woman To Miss Out On $443,360: Analysis

s-GENDER-WAGE-GAP-large

The Huffington Post  |  By 

It’s still a man’s world. And to make a man’s amount of money over her career, the typical working women would have to put in an extra decade of work.

The typical full-time working womanstands to miss out on $443,360 over 40 years because of the gender wage gap, according to an April report from the National Women’s Law Center (NWLC). That means a woman would have to work 12 years longer then her male counterpart just to break even.

NWLC calculated the long-term effect of the wage gap by multiplying $11,084 (the earnings gap between full-time working women and men in 2011, as estimated by the U.S. Census Bureau) by 40 (the presumed length of a typical career).

Progress is not inevitable. Indeed, the pay gap between male and female workersactually expanded last year, the first such increase since the beginning of the recovery, according to a March study by the Institute for Women’s Policy Research.

Part of the problem is that females represent the majority of minimum-wage workers, Katherine Gallagher Robbins, a Senior Policy Analyst at NWLC, told the Huffington Post. Almost two-thirds of minimum-wage workers are female, and women make up the majority of workers in the ten largest occupations that pay less than $10.10 an hour, according to a NWLC analysis.

Women also are losing a larger share of of jobs in some higher-paying industries. In 2012, women suffered disproportionately from public sector job cuts , and job growth in the private sector has remained sluggish for women during the recovery.

Discrimination plays a role as well. A 2007 study published in the American Journal of Sociology discovered that women who were mothers were recommended for lower starting salaries than female coworkers who didn’t have children.

Read More:  http://www.huffingtonpost.com/2013/05/09/gender-wage-gap_n_3245967.html?utm_hp_ref=women&ir=Women

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: