The Pros And Cons Of The Wage Gap

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Equal work for equal pay has being the slogan for many equality marches around the world. Meanwhile some denounce that there is even a wage gap at all. “Women make 78 cents for every dollar a man makes,” is the most commonly heard statistic whenever the topic of the wage gap arises. While this statistic is factually correct, there is also a lot that is not being said. This only compares the medium wages for men and women that work full time. It does not list how the wage gap plays out for woman with different educational levels, their age, or their respective fields and this information is important to properly evaluate and ultimately start to close the wage gap. In my research ,I have found to be a number of factors on why there is a wage gap, and in this paper, we will try to take a closer look and to debunk any misconceptions about it.

A part of the wage gap reflects the fact is that women usually are in lower paying occupations, but to fully understand the issue, there needs to be a closer look within those occupations as well. In 2009, three economists had set out to gain a better understanding of the wage gap by following a group of MBA graduates from the University of Chicago booth’s school of business. There were thousands of graduates between the years of 1990 and 2006. The data shown that that men had slightly higher salary than women right out of the gate. One year removed from business school women on average made $115,000, and men made on average $130,000

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