Author Archives: Caitlyn Graovac

Wage Gap vs. Earnings Gap

Source: CNN Money

Source: CNN Money

There are multiple pieces online from prominent publications dispelling the “myth” of the wage gap. Articles from Forbes, The Atlantic, and the Wall Street Journal discuss the wage gap as though it’s a dubious statistic and suggest that men and women’s pay are ostensibly equal for equal work.

If they are to be believed, then it’s only taken 53 years since the passing of the Equal Pay Act to reach a point of income parity. But this premise is false, and the true state of affairs is that the wage gap is painfully real. The reality is that women’s median income for full-time positions is $40,742 while full-time jobs for men earn them a median income of $51,212. The wage gap between men and women currently sits at women earning 79.5 cents to every $1.00 earned by men.

The good news is that the wage gap has steadily decreased since 1960. While 79.5 percent is better than 56 percent, any gap at all is still unsatisfactory. But what explains this difference? Continue reading