In earlier times, the gap between the pay of men and women was large. In recent times, this gap has narrowed to a great extent. What is this gap This is when men and women earnings are measured, a woman's earnings is always less than that of a man. Men earnings are used as a standard to measure female pays (Facts on Working Women, 2004).
In 1992, women's median hourly earning was 79.4 percent of men's. While the female median wage or salary rate was 75.4 percent of their male equivalents. Annual women earnings in 1992 were 70.6 percent of men earnings (Facts on Working Women, 2004). These figures (adapted by the Bureau of Labor Statistics) prove that women are paid less. They were paid even less 40 years earlier than 1992. In these years, from early 1950s, women earnings have grown by 1.3 percent each year while men earnings have only grown by a 1.1 percent annually. This shows that the earnings gap narrowed in these 40 so years and continues to do so.
The widest gap in earnings was found in sales job in the late 1990s. Only one out of every ten women was employed in such an occupation (BLS, 2008). The following graph is adapted from the Bureau of Labor Statistics. It shows women's earnings as a percentage of men earnings over the last 28 years, by age.
The graph shows that women's earnings as a percentage of men's has generally increased over the last thirty years. ...Show more