From 1980 to 1990, women came from earning around 60% to over 70% of what men earn. But the alarm in the women’s rights activist groups can be justly attributed to the decreasing pattern observed from 1990 to 2004 where the wage gap was observed to increase less steeply, coming to only around 76%.
However, it has been observed that as an increase in the objection in gender base wage discrimination is becoming more and more apparent, organizations are seeking to avoid law suits by balancing out the gender ration in their employees. Speculators see as a favorable sign in the efforts to realize and eradicate the gender based wage gap. In 2008, women accounted for an average of only 36% of the managerial positions of an organization. This is still seen as an improvement when compared to the 24% that was recorded in the late 1990’s.
It is important to mention here that the wage gap between men and women is not limited to any particular genre of jobs. Rather, the wage gap spans a wide range of occupations. The Bureau of Labor Statistics reported that the wage gap is not only in managerial roles but in roles where the job description entails financial advisory responsibilities. In as early as 2007, female financial advisors were reported to be earning only 53% of that of their male earnings. It was calculated that if working women were allowed to earn wages equivalent to those of their male counterparts, the poverty rate could come down by a startling 50%. In mathematical terms, the real median earnings have continued to show a declining tendency over the last 40 years.
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