U.S. women paid less in all industries, every level: report
By Patricia Reaney
NEW YORK (Reuters) - Women in the United States are paid less for equal work than men in all industries and a new report released on Thursday showed the widest discrepancy in wages is between married men and women with children.
Fathers earned the highest overall median salaries at about $67,900, compared to $46,800 for married mothers, and single women with children had the lowest median salary at $38,200.
"The gender pay gap is absolutely real," said Aubrey Bach, senior editorial manager of PayScale Inc., the online salary, benefits and compensation information company that compiled the report.
"Half or more of our workforce is made of women but we are still not progressing at the same level as men," she added.
While men's salaries kept increasing until the age of 50 to 55, reaching a median salary of $75,000, the report showed women's wages hit a plateau between 35 to 40 years old at about $49,000.
The gender pay gap widened further as the job level increased with male executives earning many times more than their female counterparts.
PayScale calculated the gender pay gap by analyzing data from a poll of 1.4 million full-time employees. It used an algorithm to estimate the controlled median pay for women by adjusting for factors such as experience, education, skills, company size and management responsibility and other factors.
The report found the largest gender pay gaps in the mining, quarrying and gas exploration industries and the smallest in technology jobs, where the ratio of men to women is 70 to 30 percent. Continued...