Wednesday, April 15, 2020
How Much Women Earn Relative to Men in the Industries With the Biggest Wage Gap
How Much Women Earn Relative to Men in the Industries With the Biggest Wage Gap Womenâs Equality Day, August 26, marks the day in 1920 when women gained the right to vote. But it also gives us an opportunity to reflect on issues of inequality that persist, 95 years after that historic moment. One of those areas: Pay. Last year, President Obama made headlines when he noted in his State of the Union address that women who worked full-time, year-round earn 77 ¢ for every dollar men earn across the country. (Itâs 78 ¢ now, according to the U.S. Census Bureau.) The Bureau of Labor Statistics pegs that figure slightly higher, with median weekly earnings for womenâ"$669 in 2012, the most recent year for which data is availableâ"at 82% of menâs weekly wages. âThat is wrong, and in 2014, itâs an embarrassment,â the president said of the pay differential. âWomen deserve equal pay for equal work.â While Obamaâs speech may give the impression that the entire 22 ¢ gap is the product of gender bias, thatâs not exactly true. Both the Census and BLS take into account âoccupational segregation,â or the tendency for women to enter lower-paying fields than men, according to the Institute for Womenâs Policy Research, as well as the fact that women take more time off from work due to pregnancy and child care, as noted in a report prepared for the Department of Labor by CONSAD Research Corp. But what if we eliminated those factors and controlled for things like years of experience, education, skills and responsibilities, time in the workforceâ"in short, everything but discrimination? You still wouldnât get to zero. CONSADâs analysis suggests that the gap shrinks to between 93 ¢ and 95 ¢ cents, but that can vary considerably depending on the industry. Just look at Silicon Valley, where recent high-profile legal battles have prompted the California Legislature to create the California Fair Pay Act, a tougher equal pay law that will make it harder for employers to pay men more than women for substantially similar work and prohibit them from retaliating against women who ask about the pay of male colleagues. Using data provided by salary research company PayScale, MONEY was able to put together an apples-to-apples look at just how much the median pay differs by industry, all else being, well, equal. If you donât want to wait for legal protectionsâ"or the year 2058â"to see equal pay, here are 5 Ways Women Can Close the Pay Gap . Industry (Census Definition) Controlled Difference in Pay Male Median Pay Female Median Pay Mining, Quarrying, and Oil and Gas Extraction -5.4% $78,200 $74,000 Transportation, Warehousing, Delivery Services -4.7% $54,700 $52,100 Agriculture, Forestry, Fishing and Hunting -4.2% $50,800 $48,700 Finance and Insurance -4.0% $69,600 $66,800 Retail Trade -4.0% $41,900 $40,200 Accommodation and Food Services -3.7% $38,700 $37,300 Wholesale Trade -3.6% $53,200 $51,300 Information (Telecommunications, Publishing, Recording, Software) -3.4% $67,100 $64,800 Manufacturing -3.1% $63,800 $61,800 Management of Companies and Enterprises -2.8% $69,000 $67,100 Utilities -2.7% $72,100 $70,200 Public Administration -2.5% $67,400 $65,700 Arts, Entertainment, and Recreation (Performing Arts, Sports, Museums, Amusement Parks, Gambling) -2.5% $44,900 $43,800 Construction -2.4% $57,200 $55,800 Other Services (Repair/Maintenance, Laundry, Personal Care, Death Care, Religious/P rofessional Organizations) -2.1% $46,100 $45,100 Educational Services -1.9% $53,000 $52,000 Administrative and Business Support and Waste Management and Remediation Services -1.9% $42,900 $42,100 Health Care and Social Assistance -1.7% $56,400 $55,400 Professional, Scientific, and Technical Services (Legal Services, Accounting, Engineering, Advertising, Marketing, Computer Systems Design, Scientific Research) -1.6% $72,600 $71,400 Real Estate and Rental and Leasing -1.3% $48,500 $47,900
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