The Pay Gap Is Closing In The United States
According to a new survey, the pay gap is closing in the United States. Women have closed the pay gap with men in some U.S. urban areas. They have even outperformed their male counterparts in many places.
The Pew Research Center examined Census Bureau data. It discovered that in 22 of 250 U.S. metropolitan regions, women under the age of 30 earn as much as or more than men. New York City and Washington, D.C. are among the cities where young women earn more than young men.
The survey states that pay parity is greatest in the first years of entering the job market. It tends to widen with time. In 2000, a typical woman between the ages of 16 and 29 earned 88% of what a comparable young man earned. However, by 2019, when people in the cohort were between the ages of 35 and 48, women earned only 80% of what their male colleagues earned on average.
Note: Labor economists look at wage discrepancies among full-time, year-round workers. In order to account for gender variations in part-time employment as well as labour market attachment. Men and women dedicate different amounts of time to work, even among full-time, year-round employees. Young men under 30 work an average of 44 hours each week, compared to 42 hours for young women.
The Institute for Women’s Policy Research found out that women of colour are disproportionately affected by the wage gap.
The institute says, while the income gap closed for all women last year, it expanded for Asian, Black, and Hispanic women.
Last year, the Biden administration formed a White House gender policy committee to promote gender equality. According to Council Co-chair Jennifer Klein, the council includes a special assistant to the president who focuses on “programmes to achieve equity for Black, indigenous, and Latina women and girls of colour.”
The research findings, on the other hand, speak for themselves.
