Economics Of The Gender Pay Gap Essay - 1277 Words

Economics of the Gender Pay Gap: The business world is continuly changing in all different types of industries. Women owning their own businesses is part of how our economy survives. Women owned businesses has increased from 29 percent in 1997 to 68 percent in 2007.women owned businesses take up 47 percent of all of the businesses in the economy (The Atlantic). Theses busineses bring in about 23 million jobs to the U.S. job force; also it brings in $3 trillion (NWBC.gov). â€Å"These jobs not only sustain the individual worker, but contribute to the economic security of their families, the economic vitality of their communities and the nation† (NWBC.gov). its safe to say that women are a huge impact to our economic survival Even though women owned businesses are an economic impact for our economy, women still fall short of pay equality. The American Association of University for women AAUW did a study on the gender pay gap wich stated that, â€Å"a woman who graduates from the same school and in the same maj or earns an average of seven percent less than her male counterpart. Previous AAUW research suggests that the gap widens the longer a women works so that, according to a report from the Institute for Women’s Policy Research (IWPR) cited by AAUW, the pay inequality will result in a shortfall of approximately $210,000 for women over a 35-year career† (Nonprofit.org). Its strange that the longer a women works the more the pay gap widens; it could be assumed that the longer you workShow MoreRelatedGender Gap In Pay1574 Words   |  7 PagesIntroduction Gender Pay Gap also referred to as Gender wage gap, gender income difference or male-female income difference refers to the difference between the earning of men and women (Victoria, 2006). The European Union defines the Gender Pay gap as the difference between men and women’s hourly earnings (OECD, 2012). The difference may be measured on hourly, weekly, monthly, or yearly earning. The difference is expressed as a percentage of the men’s earning. However, the difference varies fromRead MoreGender Inequality Of The Work Force1305 Words   |  6 Pagesconstantly dealt with various forms of discrimination; whether it is religion, race, gender or other factors that make individuals different from one another, discrimination occurs every day. Inequality in the work force is a type of discrimination that is prevalent globally. Females, who are as equally educated, trained and experienced as their male colleagues, are not receiving equal pay — resulting in a gender wa ge gap. According to a study conducted by Christianne Corbett, M.A. and Catherine HillRead MoreThe Wage Gap Within The United States1687 Words   |  7 Pagesto equal wages; gender and ethnic inequality has been an on-going issue in the United States for a very long time. This inequality has been the reason for the Wage Gap which is a violation of everyone’s human rights. Some people believe that the wage gap is just a gender problem but it is not, it is unequal opportunities for racial and gender minorities; in fact some women that are of a certain race are paid significantly less than someone who is only of one minority. The wage gap relates to humanRead MoreEurope s Gender Pay Gap And The Factors Affecting The Gap1346 Words   |  6 PagesEurope’s gender pay gap and the factors affecting the gap Europe has a significantly wide gender wage gap. In the broader sense, women are paid an average of 16% less per hour than men in European countries. As a result of this wage gap, women earn much less than men over their lifetimes. This causes for lower pensions as well as a risk for poverty once a woman reaches old age. In 2012 alone, 21.7% of women aged 65 and over were at a high risk for poverty due to their pay. This is significantlyRead MoreKarl Marx, German Economist And Revolutionary Socialist1487 Words   |  6 Pagesdistribution of wealth and neglects the pay disparity between males and females, which is prevalent in the Australian society. In Australia, businesses are solely focused in exploiting labor for profit maximisation, abandoning the moral and ethical values. Therefore through the perspective of Karl Marx, society can gain a greater understanding of the issue of rising gender pay gap and finding the solutions for this ongoing problem. Karl Marx mainly wrote about the economic and social domination in relationRead MoreGender Inequality Within The Workplace1323 Words   |  6 Pagespraised for freedom and equality. However, there is a notable area of inequality in the workforce: the gender pay gap. In the Unites States, a woman makes, on average, a mere 78 cents to the dollar earned by a man. This statistic has remained steady and has only seen a small 18 cent increase in the past few decades. A majority of the wage gap is due to unsound social biases. Because gender inequality in the workforce is fueled by complex factors such as biases, it requires a complex solutionRead MoreGender Wage Inequality1630 Words   |  7 Pagesdiscussion of gender pay gap without defining it. Simply put, gender pay gap is the inequality between men and women wages. Gender pay gap is a constant international problem, in which women are paid, on average, less than that of their male counterpart. As to if gender pay gap still exist, its exactness fluctuates depending on numerous factors such as professional status, country and regional location, gender, and age. In regards to gender, in some cases, both men and women have stated that the gap doesRead MoreThe Gender Pay Gap1639 Words   |  7 PagesThe Gender Pay Gap PROBLEM Introduction The pay gap between men and women has fallen quite dramatically over the past 30 years though a sizeable gap still remains, but this headline figure masks some less positive developments in recent years. We are used to each generation of women making progress relative to the one before, but this process has slowed slightly with the better than the previous one(Centre Piece Summer 2006). The gender pay gap measures the earning differences betweenRead MoreWomen’S Rights: Gender Wage Gap. Problem, Solution, And1298 Words   |  6 PagesWomen’s Rights: Gender Wage Gap Problem, Solution, and Barriers Paper Problem The wage gap is the difference in men’s and women’s median earnings, usually reported as either the earnings ratio between men and women or as an actual pay gap. The median value is the middle value, with equal numbers of full-time workers earning more and earning less (Hill, 2011). Nationally, women earn 77 cents for every dollar earned by a man, and in Ohio women earn 78 cents for every dollar earned by a man (The Woman’sRead MoreGender Inequality And Gender Pay Gap1543 Words   |  7 Pagesthe gender pay gap in the UK. These theories are taste discrimination, statistical discrimination, human capital and occupational segregation. Other research and data are included in this essay as evidence to support the different theories. The four theories covered in this essay all provide some explanation for the gender pay gap in the UK, some more than others – statistical discrimination theory having the highest explanatory power for the magnitude of this pay g ap. The gender pay gap can be