Bloomberg News Confirms Gender Pay Gap

Discussion in 'Politics' started by Synthaholic, Apr 30, 2012.

  1. Synthaholic
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    Synthaholic Platinum Member

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    Shining Shoes Best Way Wall Street Women Outearn Men


    Women who want to earn more on Wall Street than their male colleagues have one reliable option. They can set up a shoe-shine stand in Lower Manhattan.

    Female personal care and service workers, which include butlers, valets, house sitters and shoe shiners, earned $1.02 for every $1 their male counterparts made in 2010, according to census data compiled by Bloomberg. That job category, which covers 38,210 full-time workers in the U.S., was the only one of 265 major occupations where the median female salary exceeded the amount paid to men.

    The six jobs with the largest gender gap in pay and at least 10,000 men and 10,000 women were in the Wall Street-heavy financial sector: insurance agents, managers, clerks, securities sales agents, personal advisers and other specialists. Advanced- degree professions proved no better predictors of equality. Female doctors made 63 cents for every $1 earned by male physicians and surgeons, the data show. Female chief executives earned 74 cents for every $1 made by male counterparts.

    The Census Bureau figures underscore the lack of financial progress made in the generation since women began leaving the home and moving into the workforce in large numbers. While the worst economic downturn since the Great Depression initially hit women less severely, their median earnings still trailed men in 505 of 525 occupations tracked by the federal government.

    “We don’t see the pay gap closing,” Ilene H. Lang, president and chief executive officer of Catalyst, a New York- based nonprofit group that seeks to advance women in business, said in a telephone interview. “It’s persistent.”
     
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  2. BDBoop
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    BDBoop BANNED

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    But, but, but - that can't be right. But hours, and age and training and hair color! Anything but the TRUTH, man!
     
  3. Synthaholic
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    Synthaholic Platinum Member

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    *bump* for the denial-monkeys!
     
  4. WorldWatcher
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    BDB,

    I think you've read enough of my posts to know I don't simply "jump" because one side or the other says "jump".



    Is there a gender pay gap? Probably.

    However is it based on gender or is it based on life choices? That is the question.


    My wife and I were both active duty military, we were both Petty Officer 1st Classes (E-6) at the same time. When we decided to have children we talked about it and the impact that having children would have on our careers. We made the decision to go ahead with having children and that we would both of course be parents, but that she would go for the jobs that would give her the best opportunity for caring for the family and I could focus on the hard, career enhancing billets that would lead to promotion. I was to one with hard sea duty which, was something advancement boards look at for Chief, where she had had more shore based assignments. We chose to do that and honestly speaking it could have been very easily the other way around.

    Does the fact that I retired a Chief and she retired a 1st Class mean the difference was based on gender? Nope. It means the difference was based on the choices which allowed one of us to focus on career while the other secured the home front.

    My boss is the Executive Director of Human Resources, she makes good money. Her husband a number of years ago had some health issues keeping him out of work for 4 or 5 years. Their decision was for him to take care of the home front during this time and for her to focus on career. She make a lot more than he does not, because of choices.



    So when I hear about "gender gap" and I take it with a grain of salt. If we are talking about a specific case where you have equivalent work and equivalent experience - that's one thing and should be looked at. If you are talking a broad situation where someone was out of the workforce or not as flexible (nights, weekends, etc.) then someone else and they are making less - then that is something else.


    >>>>
     
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    Last edited: May 1, 2012
  5. BDBoop
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    So it's always men who 'do more, try harder' - and that's the only reason for the gap.
     
  6. Conservative
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    Didn't I hear something about Obama not paying women in his administration the same salary as men?
     
  7. BDBoop
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    BDBoop BANNED

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    Yes, you did. And apparently, that's because there were reasons the men deserved more. I should have seen that at the time.
     
  8. Neotrotsky
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    It is shame that Papa Obama
    pays women less
     
  9. Chris
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    Chris Gold Member

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    I feel bad for you having Obama Derangement Syndrome.

    Have you seen a doctor?
     
  10. BDBoop
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    Yes, but everybody does, and it's for a good reason. That's all I have heard for the past several days, so it must be true. He's no different than anyone else.
     

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