Wednesday, April 13, 2011

Independent Women's Forum - There Is No Male-Female Wage Gap

Independent Women's Forum - There Is No Male-Female Wage Gap: "if you can accept that the job choices of men and women lead to different unemployment rates, then you shouldn't be surprised by other differences-like differences in average pay."

"The Department of Labor's Time Use survey shows that full-time working women spend an average of 8.01 hours per day on the job, compared to 8.75 hours for full-time working men. One would expect that someone who works 9% more would also earn more. This one fact alone accounts for more than a third of the wage gap."

"Simply put, many women-not all, but enough to have a big impact on the statistics-are willing to trade higher pay for other desirable job characteristics."

"Recent studies have shown that the wage gap shrinks-or even reverses-when relevant factors are taken into account and comparisons are made between men and women in similar circumstances. In a 2010 study of single, childless urban workers between the ages of 22 and 30, the research firm Reach Advisors found that women earned an average of 8% more than their male counterparts. Given that women are outpacing men in educational attainment, and that our economy is increasingly geared toward knowledge-based jobs, it makes sense that women's earnings are going up compared to men's."

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