According to the World Economic Forum, there is no country
in the world where women earn as much as men for doing the same job. Currently, the US stands at 66%,
meaning women earn 66% of what men earn for similar jobs. This percentage ranks
65th among 142 polled countries. Burundi, a small African country, has the highest percentage
with 83%. In Italy, women make
less than half of that men make, making only 48%. Some of the countries that have the most equality are those
where many people live below the poverty line, and there are many more low
paying jobs than high paying jobs.
The problem of gender inequality in terms of payment is a global
problem, not just in the US. But the
sad part is that the WEF expects it to take 81 years for the gender gap to
close.
http://money.cnn.com/2014/10/27/news/economy/global-gender-pay-gap/index.html?iid=HP_River
I think it is sad to see the wage gap in the state that it is all over the world. Once the wage gap starts closing, there will be a positive effect on the global economy. I believe as women earn more significant jobs, as they are today, they will gain more recognition. Hopefully the wage gap can be closed before the predicted 81 years.
ReplyDeleteUnfortunately the gender wage gap has barely budged in the last decade. Some suggestions to shrink the gender wage gap include raising the minimum wage, supporting pay transparency, and passing a national paid family and medical leave insurance program. However, until a further effort is made, women will continue to see inequality in pay.
ReplyDeleteIt's going to be a long time before the wage gap between genders is nonexistent. I was surprised by the fact that wage equality is more commonly seen in impoverished countries, but it makes sense that countries with more jobs that are lower paid than higher paid have better equal pay. However, I'm still surprised that more developed countries haven't stepped forward and made more of an effort to work towards equal pay, since these countries tend to be better educated about gender equality.
ReplyDeleteI'm surprised that in this day and era something of great inequality still exist. I would've thought that more developed countries like the united states would've been rid the wage gap in gender pay. There's no reason for it and i don't see how it benefits the economy. If women can be seen as equal to men then competition would increase and bring the best out of workers, meaning their productivity would increase.
ReplyDeleteI can't imagine how this easily fixable problem is going to take 81 years to fix. I understand that it will take time for this social change, but 81 years is outrageous. It's also weird that poorer countries have the most equality. I would also like to see how much the U.S has grown by year for equal pay because that might have more insight on the issue.
ReplyDeleteIts really no surprise that gender inequality in the form of wages and income is still prevalent. As women in business, I think we should make it a priority to ask for equal pay when we know were not earning the same as our male counterparts. Unfortunately, we need to work twice as hard to prove that we are as capable, if not better than them while keeping the peace. Instead of seeing it as a crutch or weakness, using it as motivation to be the best should be the goal. Even if the efforts we make don't pay off, at least we will have fought and worked hard to seek our own power, knowledge and capabilities.
ReplyDeleteUnfortunately, the change will be gradual. I believe that our generation enters the workforce and begins to hold management roles, the gap will shrink
ReplyDelete