10/12/2023 0 Comments Aapi equal pay day 2021![]() A Harvard Business Review study found that women are asking for raises at the same rate as men, but men are more successful in receiving those raises. It’s up to everyone to be transparent about their compensation data and work to bridge any gaps.Ī common argument is that women don’t ask for raises as much as men do this is false. There need to be policies in place that force them to avoid unconscious bias when hiring, promoting, and compensating women. Companies should prioritize looking at their data to see if these statistics are true for them, and if they are, take action to change it. The average woman makes $0.82 for every dollar a man makes and for women of color, it can be as low as $0.55 on the dollar. Women's History Month is the perfect time for us to voice gender inequity and empower women in the workplace! However, wages can be affected by many other factors as well – the gender pay gap may arise from factors including international differences, education background, occupational segregation, and years of experience. ![]() Why do women get less in the job market? What are the drivers of the gender pay gap? How do female employees fight for equal pay rights? In early studies, many economists explain the huge gap in earnings with workplace discrimination and the difference in human capital. Although the gap is narrowing over time after extensive control of human capital and working hours, there is still a significant difference between men’s and women’s income. According to the historical income table from the US Census Bureau, the percentage of women's earnings as men's earnings in 1960 was only 60.7%, and the figure increased to 82.3% in 2019. ![]() While women increasingly participate in male-dominated occupations over the years, gender inequality still exists. The gender pay gap in the labor market has been a universal and persistent theme over the decades.
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