There has always been a gender pay gap. In the last 15 years, it hasn't changed much. Women are paid 84 cents on every dollar a man makes. This translates to women needing to work 42 more days than a man to get the same amount of pay. The gender pay gap is less for women who are between the ages of 25 and 34 but remains at 16 cents less for all women over the age of 16. In 1980, the gender pay gap was 36 cents. Let's take a look at some causes of this gender pay gap.
Gender Pay Gap Causes
Some of the gender pay gap is due to education, occupational segregation, and work experience. The narrowing of this gender pay gap is due to the advances of women in these areas. While some women hold higher-paying occupations, many women are still in lower-paying positions overall. Despite the causes previously mentioned, the main discrepancy lies in the fact that women are underpaid.
Discrimination Is a Huge Issue
It has been shown that women are twice as likely to experience discrimination in the workplace, which can make advancement and equal pay harder to attain. Some attitudes on female ability pose a problem for this advancement. Some discrimination comes as a result of becoming a mother, whether through birth or adoption. This can make retirement savings gender inequality harder to deal with. Women need to save more than men to have equal retirement.
Be the Change
It's easy to become frustrated with the gender pay gap because it's not fair, but it doesn't mean you have to take it. You can create new opportunities for yourself by learning, exploring, and reaching for what you want. Change happens one step at a time. Reach out by visiting Hello Revel to meet new people, network, gain the knowledge you need and learn more about retirement savings gender inequality.
Author Resource:-
Jeson Clarke writes about social networking platforms and LGBT community. You can find his thoughts at LGBT community blog.