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Economics Gazette

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January 24, 2019

Payment gap between genders in the US remains large

payment gendersThe payment gap between genders in the US remains large, as the women should have a higher education to get the same salary as men, according to a recent study by Georgetown University. For example, the average wage of women with a Master’s degree in 2017 is 83,000 USD per year. Around this amount is the average salary for men, but with a bachelor’s degree – 87,000 USD per year. However, men with a master’s degree earn an average of 121,000 USD. Meanwhile, the women with bachelors earned an average of 61,000 USD per year last year.

The lowest is the pay gap between men and women who have lower than upper secondary education in the US is 27,000 USD versus 37,000 USD. More than 13% of Americans earn less than 20,000 USD per year, and almost half of them are women. At the opposite pole, 12% of Americans earn over 100,000 USD per year, and only 27% of them are women.

Some explanation of the pay gap can be found in the less hours of work done by women – 37 hours per week, compared to 40 hours per week for men, shows the study.

The survey also shows that 73% of executives in the United States are men.

The analysis states that the US is lagging behind the rest of the Organization for Economic Cooperation and Development (OECD) countries in terms of women’s participation in the workforce. In 2015, 67% of women are involved in the labor force, while the OECD average is 68%. The country is 18th in the organization on this benchmark.

The analysts point out that the reason is that in other countries there are better conditions for working mothers than in the US. For example, French women have 16 weeks of paid leave for first and second child and 26 weeks for third. For comparison, US legislation gives 12 weeks of unpaid leave to mothers who care for a newborn.

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