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Why females earn less as compared to their male counterparts - Research Paper Example

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U.S. women earned only 77 per cents from the ‘male dollar’ in 2011, according to up-to-date statistics. (This number drops to 65% for women of African – American race and 58% for Latinos.) To stress the necessity for change, since the year 1996 the National Committee for Pay Equity, an advocacy- body umbrella group, marked April 20 as the Equal Pay Day…
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Why females earn less as compared to their male counterparts
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Download file to see previous pages Some notable signs of progress include; the first bill president Barack Obama approved into law as President aimed the United States pay gap in gender, and the Senate is in view of a bill meant to address fundamental gender discrimination in the work place. However, the question still remains: Why has this measure taken so long? Almost half a century elapse since the illegalization of less payment of wages to women than men on the grounds of their gender occurred yet, the question which still remains unanswered includes; why do women still get less than men counterparts? In an attempt, to explain the differences in pay between men and women, this paper look on the factors which have led to reduced women payments as compared to their male counterparts, and how globalization is affecting the matter(Rehman Sobhan, 2001). Literature review Employment industry does not tell the whole fact file. Women earned less than the counterparts in all 25 occupation and 20 industries groups surveyed by Census Bureau in 2007. It was astonishing that the trend persisted even in fields that their numbers exceeded the male. For instance, female secretaries earned 83.4% as much as the male secretaries. Those who preferred male-dominated fields earned less as well: female truck drivers, for example, earned just 76.5% of weekly pay of the male counterparts. Possibly, the most compelling, and perhaps disapproving data of all to propose that gender has an impact comes from a study in 2008, in which Kristen Schilt, a University of Chicago sociologist and New York University economics scholar Matthew Wiswall studied the wage lines of people who undertook a sex change. The results: even when monitoring for factors such as education, men who changed to women earned, averagely, 32% less after they took surgery. Women who converted to men, conversely, earned 1.5% more (Abdi, 2006). Cynics, who deem the 77% estimation to be too optimistic, besides, note that the figures just count women working full-time (equivalent to 35 or more hours a week, for a full year) failing to consider women’s decision, whereby they opt to take a leave of absence when starting a family or maybe work part-time to rear their kids. According to a 2008 study by IWPR (the Institute of Women's Policy Research) conducted over a 10 year period, a full 54% of women in the key earning age range between 26 and 59 go through a minimum of one full calendar year without earning nothing at all, related to just 16% of men(Bartlett, 2003). These choices make a relative difference: over that span of time, female workers earn only 38% of what men earn, making the wage-gap twice larger the census figure. (Plus despite the earnings premium which comes with superior education, women of bachelor's degrees earn a lesser amount of over 10 years than men holding high school diplomas or lesser, according to the IWPR annual study). However, no matter how interpretation of the numbers occurs, there are a few persistent percentage points that cannot be disregarded. Advocates and economists alike speculate that these remain to be the products of slippery reasons particularly discrimination - conscious or not (Brennan, 2003). Discussion The answer on this matter depends on whom one is asking, and so does the dimension of the gap. Some people say 77% is overly ugly. The biggest reason being, that it does not account for individual dissimilarities between workers. Once a person regulates aspects like education and experience, as Francine Belau notes, who, along with economist Lawrence Kahn, his fellow Cornell, published a1998 wage gap study ...Download file to see next pagesRead More
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