How Much a Dollar Cost? On the Economics of Gender

August 5, 2017

Pride. Covetousness. Lust. Anger. Envy. Sloth…and gender inequality misogyny-based pay rates. The eight cardinal sins. There. I said it. The fact of the matter is that there is a true difference between how much men and women make, not including the disparity that exists between the LGBTQIA community. Women make 24% less than men, so for every dollar that Jared makes, Bethany makes 76 cents, and black and latina women make even less than that. Also, the rate of pay fluctuates depending upon what state you live in. For example, the gender pay gap is roughly 21% in New York, whereas in Illinois and California it increases and averages out to roughly 24.5%. But, for what reasons?

 

 

 

There is a plethora of factors that create this gender pay gap, and one of those factors is the idea that women are less likely to hold high-level/high-paying jobs than men, and even when you put women and men in the same job, on the same playing field, there is still a discrepancy; granted pay gap decreases but, regardless, there’s still a gap, and there shouldn’t be. Sources say that we won’t even see an equal pay rate until 2152. Another important factor to keep in mind is the type of industry the individual works in. Women in finance and insurance make a disgustingly smaller amount of money in comparison to their male counterparts, averaging at about <$50,000 and >$60,000 respectively per PayScale. This continues to get even more confusing once you include things like sexual orientation and gender identity into the conversation, and to add in disabilities further muddies the waters.

 

Now, there has been great strides made to equalize pay amongst everyone, i.e. the Lilly Ledbetter Fair Pay act of 2009 and the Paycheck Fairness Act, but we are still struggling. More than ever, women are more than likely the bread-winners of the family, so there needs to be a shift in the economics of it all. So how do we effectively combat this inequality? The answer is simple. Fight. Not like actual fist fighting, but do not allow employers to pay you less than what you deserve. You are just as capable of doing the job that your male counterpart is doing, and there’s no reason that you should be paid less. The purpose of the Fair Pay Act is fair pay, so it would behoove us to not fight for what we deserve. Remember: “Always stay gracious, best revenge is your paper.”

 

Dominique is currently studying Psychology at Bridgewater State University with a double minor in Middle East Studies and Music. In her spare time, she is a poet and artist. She hopes to use her voice as both a journalist and artist to empower the unheard.

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