It’s no secret that women, for the most part, don’t earn the same amount of money as men, often when they are doing the same job. The gender pay gap is real, and while a new report suggests things are getting better, it also notes it’s happening very, very slowly.
Glassdoor’s “Progress on the Gender Pay Gap: 2019” report reveals the gender pay gap in the U.S. is currently 21.4%, which translates to women earning 79 cents for every dollar a man earns. That is a tiny improvement from 2016, in which women were earning 76 cents for every dollar a man earned. Now, if the gap continues to decrease at this pace, and if all current factors stay the same, economists suggest women in the U.S shouldn’t expect to see total pay equality until 2070.
According to the report, 64% of the pay gap can be “explained” by differences things like age, education and more, although 36% of the differences are “unexplained,” which means it could exist because of things like workplace bias, negotiation gaps and more. Another reason for gender pay gaps is the industry and jobs men and women traditionally take, so-called “occupational sorting,” which can explain 56.5% of the pay gap in the U.S.
Other results from the report:
- Jobs were men get paid the most over women include pilots (26.6%), chefs (24.6%) and C-suite professionals (24%).
- Women earn more than men in occupations like merchandiser (-7.8%) and research assistant (-5.9%).
- As for the industries with the widest gender pay gaps, retail and media tops the list (6.4%), followed by construction, repair and maintenance, and oil, gas, energy and utilities (6.2%).
- The biotech and pharmaceutical industry has the smallest pay gap (2.2%) followed by education (2.4%).
- As for the rest of the world, France has the smallest gender pay gap at 11.6%, while Germany has the largest at 22.3%.
Source:GlassDoor