{"id":1202339,"date":"2023-03-19T11:11:24","date_gmt":"2023-03-19T15:11:24","guid":{"rendered":"https:\/\/bugaluu.com\/news\/3-charts-show-how-the-gender-pay-gap-is-still-an-issue-in-the-us\/1202339\/"},"modified":"2023-03-19T11:11:24","modified_gmt":"2023-03-19T15:11:24","slug":"3-charts-show-how-the-gender-pay-gap-is-still-an-issue-in-the-us","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/3-charts-show-how-the-gender-pay-gap-is-still-an-issue-in-the-us\/1202339\/","title":{"rendered":"3 charts show how the gender pay gap is still an issue in the US"},"content":{"rendered":"

Despite progress made over the years, the gender pay gap<\/a> still exists across all racial and ethnic groups in the U.S.\u00a0<\/p>\n

According to a new report<\/a> from the Institute for Women’s Policy Research (IWPR), the median weekly earnings for women in 2022 were $958, while men earned $1,154.\u00a0<\/p>\n

When broken down by racial and ethnic group, the disparities are even starker: Hispanic women make only 61.4% of a white man’s earnings in a week, while Black women earn just 67.4%. Only Asian women are near pay parity with white men.\u00a0\u00a0<\/p>\n

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The gender wage gap is even prevalent in women-majority occupations. Among the 20 most common occupations for women in 2022, men out-earned women in every single category. In these occupations, women made on average 87% of men’s weekly earnings, according to data analysis by Yahoo Finance.<\/p>\n

The biggest disparities were among financial managers, where women’s weekly earnings averaged $1,468 while men’s averaged $2,116. Other fields with notable gaps include education and child care, managerial roles, human resources, and accounting.\u00a0<\/p>\n

A report by the Center for American Progress<\/a> attributed these disparities to “occupational segregation” by gender and race. Historical biases and certain policies have resulted in poorer labor force participation for women, causing this occupation segregation.<\/p>\n

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In February 2023, the labor force participation rate was 58.5% for women and 70.2% for men, according to FRED Economic Data<\/a>.<\/p>\n

Hain Celestial CEO Wendy Davidson said part of this was because of the lack of women holding top management and leadership roles due to a “misnomer” that there’s not enough available talent.<\/p>\n

Davidson also stressed that boards need to make an intentional effort to look more broadly when hiring. (Women make up only 26% of C-suite employees and less than half of all corporate roles.)<\/p>\n

“We have talent that’s ready to be able to lean into those spaces,” she told Yahoo Finance Live.<\/a> “The idea that there isn’t available talent, that we’re tapping into the same people for those roles … There are tremendous numbers of women who are ready to serve in these roles.”<\/p>\n<\/p>\n

<\/div>\n

\u2014<\/p>\n

Tanya is a data reporter at Yahoo Finance. You can follow her on Twitter <\/em>@tanyakaushal00<\/em><\/a>.<\/em><\/p>\n

Click here for the latest economic news and economic indicators to help you in your investing decisions<\/strong><\/a><\/p>\n

Read the latest financial and business news from Yahoo Finance<\/strong><\/a><\/p>\n

From:AOL<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Despite progress made over the years, the gender pay gap still exists across all racial and ethnic groups in the U.S.\u00a0 According to a new…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1202339","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1202339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1202339"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1202339\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1202339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1202339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1202339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}