Thursday, April 19, 2007

Pay Disparity between Men and Women

Yesterday's class discussion regarding pay differences got me thinking. Considering it is something that affects all of us, I wanted to get some real numbers and here is what I found:

EARNINGS--Women's median weekly earnings in 2005: $585 for full-time wage and salary workers, $722 for men.
Overall, women’s earnings as a percent of men’s were 81.0 percent.
Women's median hourly earnings: $10.31 for those paid hourly rates, $12.16 for men.

2006: The median weekly earnings of women who were full-time wage and salary workers was $600, or 81 percent of men’s $743. When comparing the median weekly earnings of persons aged 16 to 24, young women earned 94% of what young men earned ($395 and $418, respectively).
Source: U.S. Department of Labor, Bureau of Labor Statistics, Employment and Earnings, January 2006.

However, I also found this article:
http://www.forbes.com/work/compensation/2006/05/12/women-wage-gap-cx_wf_0512earningmore.html
It gives a completely different point of view than most of us had in class and raises some interesting points.
Let me know what you think!

I also didn't forget that Valerie mentioned the difference between women and women with children is even greater. I think that pay disparities within genders is just as important; unfortunately, I couldn't find numbers on the topic.

1 Comments:

Blogger jason veit said...

That was a very intersting article that you posted by the author of the book, Why Men Earn More. I always thought about these stats that you posted and wondered why these were still true to this day after all the effort that has been put into equaling out the employment field for everyone. It seems that the author even agrees that their is still discrimination in some respects against women but that you must take your binoculars off to witness the fact that they can and do still make as much or more money in certain fields. He points out the difference in MBA students that found that money was the primary motivator for only 29% of women, versus 76% of men. Women may value other things from their job much more than money so these statistics may mean more about the differences between men and women than they do about continued discrimination against women in the workplace.

2:18 PM  

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