Friday, November 23, 2018

Gender Pay Gap

This is nothing new.  Twenty years ago a study involving librarians found out the same thing—choices.  And that was within just one field where all studied had an advanced degree.

“Progressives claim that the pay difference between men and women is caused by sexism that government must redress. But a new study offers compelling evidence that the choices and priorities of women account for much of the disparity.”  Wall St. Journal, Nov. 23, 2018

There’s a pay wall so I won’t provide a link, but I’ll snoop around to see who the editors are citing.  But here are some recent 2016 -  2018 stories on the subject.

Jordan B. Peterson has discussed this pressure women face at length: years 25-35 are exactly when one gets their career going, but also the best biological window to have children. Women who work through those years see a huge financial payoff, but may miss out on the child-bearing window. And women who choose babies will miss out on the profit-reaping window.

But the choice is still up to the woman. It’s not rampant sexism which explains the pay gap. A woman’s choice explains the pay gap. Can we stop blaming sexism in the workforce for at least this issue? Please?”

I loved my career, but there are few days at work that are worth bundling up the baby, struggling with a car seat, dropping him off at a sitter/daycare where the woman in charge won’t love him as much as you do.

This 2016 article was cited in November 18 at a business journal, and may have caught the eye of the WSJ.

It says, and I concur:

“Here's what Goldin's research shows: First, there's almost no gender wage gap among younger workers: Women in their late 20s make 92 cents for every dollar a comparable male worker makes. But women in their early 50s make just 71 cents compared to comparable male workers, according to Goldin's research. Why does that matter? Because it indicates that the gap is better explained by differences in experience between men and women over their life cycles than by gender.

Second, the gaps differ by industry. When Goldin analyzed college-educated, white-collar workers, she found that for those in science and tech, the gender wage gap is remarkably small, but for lawyers, along with those in business and finance, the gap is much wider. Goldin's research notes that female MBA holders with children shift to positions with lower pay but more flexibility. Half of female MBA holders studied who work part time are self-employed, mainly because of a lack of existing part-time opportunities. Similar trends hold true for women with law degrees.”

I’m surprised Goldin can keep her job! 

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