Not one place in the whole world has women earning the same amount as men. Since the 1960’s, genders and races have been striving for equal wages. Over the past half century, the wage gap has has rocketed closer and closer to equal. However, over the past 15 years, there has only been a slight improvement.
So, why the wage gap? Some companies believe that work done by men is more valuable than the work done by women. However, the strive for equal wages is not just between men and women, but between races as well.
The wage gap is not only between men and women but between Hispanics, Blacks, Whites, and Asians. The group that earns the most per hour on average is Asian men. These Asian men with a bachelor's degree or more earn about 35 dollars per hour compared to white men who earn an average of 32 dollars per hour.
Who earns the least? Between Asians, Blacks, Hispanics, and whites and also between both men and women, Hispanic women earn the least. They earn on average 22 dollars per hour. Asian men on average earn 13 dollars more per hour. That difference is more than the minimum wage. In other words, the average working Hispanic women could pick up a second job at McDonald's and still not earn as much as Asian Men.
What Benefits Would No Wage Gap Have?
If there was no longer a wage gap, then there would be momentous benefits. Families that have a mom or a working woman would be able to bring home thousands of more dollars back to their homes.
“Each woman, including those that would gain nothing, would earn $6,251 more annually on average. This would reduce poverty by half for all families with a working woman as well as working women who live alone. There is no other strategy that could accomplish more for the economy other than achieving equal pay for women” (Careers in government).
Where is the wage gap most obvious?
It is already known that not a single place in the world has women on average earning the same as men. But, what places have the worst wage gap?
Places that have the closest wage gap are Singapore and Norway. Although these places have the closest wage gap, women in these places on avarage earn 80% of what men earn. In terms of the United Sates, Alaska earns the prize for the biggest wage gap.
It is now clear what locations and countries have the worst wage gap, but in what professions do people suffer from the wage gap? Occupations that have the worst wage gap are personal financial advisors, surgeons, and physicians. Female surgeons and physicians earn 62.24% of what male surgeons earn.