Men and Women Wage Gap
Many people are not aware that women still earn considerably less than men, or that a specific day—Equal Pay Day—has been designated to raise awareness of pay inequity. The Equal Pay Act was signed in 1963, making it illegal for employers to pay unequal wages to men and women who hold the same job and do the same work. At the time of the EPA's passage, women earned just 58 cents for every dollar earned by men. By 2001, nearly 40 years later, that rate had only increased to 76 cents, an improvement of less than half a penny a year. Collectively, women lose over $100 billion annually in wages due to pay inequity. According to a recent study by the Institute for Women's Policy Research, a 25-year-old woman who works full time year-round for the next 40 years will earn $523,000 less than the average 25-year-old man, if current wage patterns continue. (womensorg)The gap in average wages between men and women workers has been gradually narrowing, but very gradually. Some say that this gap stems largely from the difference in type and rank of job and from the fact that the women's length of working years is shorter than that of men. The Employment Policy Foundation's Nordquist says one reason women's pay is lower than men's is that
The study sample included data from 2,178 managers from 512 different companies across a wide variety of industries and functional areas. The manager’s sex, age, race, organizational level, experience, education, performance, and functional area were taken into account prior to examining the effect of the gender and age composition of managers’ referent groups. (apa) women are more apt to be liberal arts majors who go into lower-paying jobs, while men are inclined to choose engineering and computer-science courses and pursue higher-paying careers. But others argue that these aren't examples of poor career choices by women, but of careers dominated by men which would be a subtle form of discrimination that undervalues women and some of the work they do. (cnn) Demonstrating that there is still not equal pay for equal work, in 1997, female public relations and marketing managers earned 31% less than male managers, female elementary school teachers earned 9% less than male elementary school teachers, female retail sales workers made 32% less than male counterparts, and female economists made 27% less than male economists. Even among recent college graduates, women earn 15.7% less than men. While women constituted 46% of the work force in 1995, over 63% of all workers earning the minimum wage or below were women. (womensorg) was an enormous tide. Now we're coming into a new equilibrium. I see this The Lorenz curve can be used to show the differences in men’s and women’s wages. It was developed by Max O. Lorenz as a graphical representation of income inequality. It can also be used to measure inequality of assets or other distributions. The Lorenz curve is a graph that shows, for the bottom x% of households, the percentage y% of the total income which they have. The percentage of households is plotted on the x axis, the percentage of income on the y axis. (wikipedia)
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Approximate Word count = 1344
Approximate Pages = 5 (250 words per page double spaced)
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