Equal Pay For Women? Not Until 2050.

Women can change this predictament. Read the book Getting Even by Evelyn Murphy! We can get out of the -red and into the +$green$!

Equal pay for women? Not till 2050

By Kate Lorenz

Editor’s Note: CNN.com has a business partnership with CareerBuilder.com, which serves as the exclusive provider of job listings and services to CNN.com.

A woman’s work is never done. Though you might not know it to look at her paycheck.

Did you know that, according to the AFL-CIO, the average 25-year-old woman who works full-time, year-round until she retires at age 65 (if that’s when she’s able to retire) will earn $523,000 less than the average working man?

At the current rate of change, working women will not achieve equal pay until after the year 2050. That’s almost 100 years after President Kennedy signed the Equal Pay Act into law, prohibiting discrimination based on sex resulting in unequal pay for equal work.

On average, women make 78 percent of men’s wages, according to a 2003 study by the U.S. Department of Labor. This is, however, a marked improvement over 25 years ago — in 1979, women made 62 percent of what men earned.

It varies by race

The pay gap differs by race, with the earnings of white women being just 78 percent of those of white men; black women making 91 percent as much as their male counterparts; and Hispanic women earning 88 percent of what Hispanic men earn. The Rutgers School of Management Relations says this is primarily because white men still earn the most among all groups of workers.

It’s wider among professionals

Even though women earn less than do men at all education levels, women are gaining ground. Earnings for women with a college degree have risen by one-third since 1979, versus only 19 percent for men.

Interestingly, the wage gap is largest among the most highly educated groups.A researcher exploring the pay and promotion gap among statisticians attributed this to women not wanting to put themselves forward as candidates for competition. She found that while most women did not apply for higher jobs because they believed they needed more time and preparation, ironically, those who did apply actually had more success than their male counterparts.

While causes of the gender pay gap are complex and include work/family choices, data on women’s dramatically lower recognition in domains where their talents and achievements are equal to men’s imply there is a tendency to undervalue a woman’s work and contributions.

Occupation matters

The pay gap appears in all occupations, including those with severe shortages where salaries should be the most competitive to attract top candidates. Consider physicians, with numbers declining due to high insurance costs and the number of years in training. Females doctors only earn 58 percent of their male counterparts’ salaries. Even in predominantly female fields like nursing and teaching, women still earn less than men: female nurses earn 91 percent and female teachers earn 87 percent of what their male counterparts do.

Jobs with the smallest gender pay gaps include legal assistants, where women earn 90 percent of what men do, as well as male-dominated occupations like engineering, where women earn 92 percent as much as men, and police and detective work, where women earn almost 80 percent as much as men do.

According to Labor Department figures, women who choose nontraditional careers such as dentists (just 20 percent are women) or airline pilots or navigators (less than 4 percent are female), can expect to have lifetime earnings that are 150 percent higher than those of women who choose traditional careers.

Pay vs. satisfaction

Despite the pay gap, according to several studies, women are actually more satisfied at work!

CareerBuilder.com’s recent "Pulse of the Worker" survey found that despite receiving lower raises, fewer bonuses and having lower expectations for being promoted, women were more likely than men to report that, overall, they are happy with their jobs.

Who said a woman is never satisfied?




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Positive Gains for Equal Pay for Women!

Wimbledon to pay equal prize money

POSTED: 11:11 a.m. EST, February 22, 2007, CNN.com 

LONDON, England — Men and women will receive equal prize money at Wimbledon this year for the first time in the history of the most prestigious tennis tournament in the world.

The All England Club, which runs Wimbledon, announced on Thursday that it would fall into line with the U.S. Open and Australian Open in paying equal prize money across all events.

The French Open paid the men’s and women’s champions the same for the first time last year, although the overall prize fund remained bigger for the men.

"In summary, we take the view that this is good for tennis, good for the women players and good for Wimbledon," said All England Club chairman Tim Phillips.

The move follows a long-standing campaign for equality, with former Wimbledon champion John McEnroe one of a number of prominent players who called for the change.

Last year, men’s champion Roger Federer received £655,000 ($1.170 million) and women’s winner Amelie Mauresmo pocketed £625,000 ($1.117 million)

"It’s definitely a victory for women in general. I said it was a matter of time, and it was," Mauresmo said in Dubai.

"I think most of the people agreed it’s not a matter of how long we (women) spend on the court. The men are always going to play longer because they play best of five sets. It’s just a matter of being equal."

Finally relented

Wimbledon had long argued that the men deserved an extra increment because they played five-set matches against three-setters for the women, but has finally relented.

"When Wimbledon pioneered Open tennis in 1968, the ladies singles champion Billie Jean King got £750 and Rod Laver got £2,000," Phillips said.

"So the ladies champion got 37.5 percent of the money that the men’s champion got. By stages that has moved up until in 2006 when Mauresmo won, the precise relativity was 95.4 percent. So the champion was only getting 4.6 percent less.

"We believe… it was time to bring this progression to a close and equalize fully.

"Obviously it is good news for the women players… and we also believe it will serve as positive encouragement for women in sport in general but in tennis in particular."

The move won immediate approval from top women’s players of present and past.

"The greatest tennis tournament in the world has reached an even greater height today," three-time champion Venus Williams said.

"I applaud today’s decision by Wimbledon, which recognizes the value of women’s tennis. The 2007 Championships will have even greater meaning and significance to me and my fellow players."

Former six-time singles champion Billie Jean King, a pioneer for women’s sports agreed.

"This news has been a long time coming," she said. "Wimbledon is one of the most respected events in all of sports and now with women and men paid on an equal scale, it demonstrates to the rest of the world that this is the right thing to do for the sport, the tournament and the world."





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