GOOD READS

The Gender Wage Gap

Though the wage gap between women and men has been narrowing since 1955, the unfortunate truth remains: women continue to earn less money than men in the United States. Pay differences can be attributed to several factors, including: industry, company size, education and experience and as well as the location of a job. Here, we take a look at some of the best and worst geographic locations for women in terms of compensation, and we look at the differences of the gender wage gap by industry.

A Big Picture Overview: Some States Better than Others
According to the U.S. Census Bureau's "American Community Survey 2009," women's earnings as a percentage of men's earnings are the highest in a handful of states: California, Nevada, Arizona, Texas, Florida, New York, North Carolina and Maryland. Within these states, women generally tend to earn at least 80% of men's wages. This compares with almost 20 states where women earn less than 75% of men's wages.

Recent Analysis Points to the 10 Worst Paying Cities for Women
A recent study performed by 24/7 Wall St highlights certain Metropolitan areas where the gender wage gap is the widest. Curiously, in the lowest ranked city of Baton Rouge, Louisiana, women earn roughly 63% of a man's median income, which compares with the national average of almost 80%. Ogden-Clearfield, Utah – another low ranked area – did not fare much better, with a women/men wage ratio of around 64.4%.

Rank

Metropolitan Area

Women's Pay as % of Men's

Median Income - Men

Median Income - Women

10

Palm Bay-Melbourne-Titusville, Florida

72.6

$51,124

$37,101

9

Allentown-Bethlehem-Easton, Pennsylvania

72.6

$53,608

$38,890

8

Boise City-Nampa, Idaho

72.4

$44,908

$32,514

7

Chattanooga, Tennessee

72.4

$45,273

$32,753

6

Colorado Springs, Colorado

72.1

$50,101

$36,126

5

Bridgeport-Stamford-Norwalk, Connecticut

71.8

$70,605

$50,714

4

Augusta-Richmond County, Georgia

70.6

$46,648

$32,926

3

Toledo, Ohio

70.0

$49,739

$34,817

2

Ogden-Clearfield, Utah

64.4

$51,766

$33,331

1

Baton Rouge, Louisiana

63.4

$51,103

$32,385

Source: 24/7 Wall St.

Certain Industries More Conducive to Equal Pay
While industries such as construction and leisure and hospitality tend to be relatively "more equal" in terms of pay (women earn around 92% of men's wages in construction, and roughly 83.5% of men's wages in leisure and hospitality), other industries see lower women to men pay ratios. Financial activities have the lowest pay ratio, as women earn roughly 70.5 cents to every man's dollar. Manufacturing is not all that much better for women – the ratio in that industry is 73.8%. One of the largest industries, education and health services, sees women earning around 77% of men's median weekly earnings.

The Bottom Line
Compensation is influenced by several factors, including: experience, knowledge and skills, degree of responsibility, size of the company, industry and location. While certain geographies and industries appear to be more equal in terms of pay, other situations seem to be less favorable; however, the more well equipped a woman is with data and facts, the more well positioned she is to step into an employment situation and negotiate for adequate compensation.



More From Investopedia

Quiz: How well do you know India's economy?

Question 1

Which of these products is India the world's largest producer of?

Poll Choice Options
  • Wheat
  • Rice
  • Milk
1
2
3
4
5
6
7
8
9
10

Latest News

  • L&T calls off merger talks with Future Generali Insurance
    L&T calls off merger talks with Future Generali Insurance

    Larsen & Toubro Ltd said on Monday its unit had called off talks with Future Generali Insurance, a joint venture between local retail chain operator Future Group and Italy's Generali , to merge their businesses. ... …

  • Improve Assam's power scenario: Gogoi to discom

    Guwahati, April 21 (IANS) Assam Chief Minister Tarun Gogoi Monday reviewed the power situation in the state and asked the Assam Power Distribution Company Limited (APDCL) to take immediate steps to meet the shortfall of power. Assam has not been receiving adequate power from hydro power generating stations - including Ranganadi, Kopili, Khandong, Doyang and Loktak - due to low water levels in the reservoirs caused by drought-like conditions prevailing in the northeast region for the last few …

  • Wall St opens flat as earnings deluge looms

    U.S. stocks opened flat on Monday as investors found few reasons to keep buying following a strong rally last week and ahead of a heavy week of corporate earnings. The Dow Jones industrial average rose ... …

  • Petronet seeks bids to lease storage at Kochi LNG plant

    India's biggest gas importer Petronet LNG (PLNG.NS) has invited bids to lease storage at its Kochi regassification plant in Southern India due to a lack of pipelines connecting its key demand centres, its head of finance said. Petronet is currently operating its 5 million tonnes a year Kochi plant on the east coast at a fraction of its capacity as land-related issues have delayed the two pipelines that would link the terminal with customers in Bangalore and Mangalore. "Timeline for building …

  • SC reserves order on Subrata Roy's plea against judicial custody, new  …

    New Delhi, April 21 (IANS) The Supreme Court Monday reserved its order on Sahara Group chief Subrata Roy's plea challenging its March 4 decision to send him to judicial custody for his failure to comply with its 2012 order to return investors' Rs.24,000 crore which his two companies - SIRECL and SHICL - had collected. A bench of Justice K.S.Radhakrishnan and Justice Jagdish Singh Khehar also reserved its order on Roy and two other group directors offer to pay Rs.10,000 crore as a part payment …

IN-DEPTH ANALYSIS & INTERVIEWS

  • This might well be India’s biggest Ponzi scam

    It was just too good to be true. Ashok Khital, 45, displays every symptom of a man who knows he's been conned. …

  • India's star studded football league

    High and mighty including Sachin, Salman & Sun Group buy ISL teams …

  • Leaderspeak with Rajesh Janey

    Rajesh Janey, President - India & SAARC, EMC shares many firsts in his life. …

  • Power Hungry

    Gujarat has power round-the-clock. Most other states do not. Why this will matter in the general elections. …

  • Etcetera

    The most keenly watched contest of the current general election will be the one for the Varanasi parliamentary seat, where the Bharatiya Janata Party's prime ministerial hopeful Narendra Modi squares off ... …

  • Economy vs Democracy

    As the country gets election fever, cash comes out of mattresses and turns into liquor, gifts, and food. But it is not bad for the health of the economy, reports Sarika Malhotra from the trenches. …

  • Bracing for Challenges

    Raghuram Rajan is preparing to deal with concerns that may arise when a new government takes charge. …

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    53.15+5.50+11.54%
    HCLINFO.BO
    16.17-0.35-2.12%
    UNITECH.BO
    14.26+0.90+6.74%
    SUZLON.BO
    21.20+3.05+16.80%
    HOTELEELA.BO
    201.80+9.20+4.78%
    SSLT.BO
  • Price % Gainers
    Price % Gainers
    NamePriceChange% Chg
    105.30+17.55+20.00%
    SHASUNPHA.BO
    79.85+13.30+19.98%
    JUBLIND.BO
    15.51+2.58+19.95%
    HIMIN.BO
    29.90+4.95+19.84%
    SOMICONV.BO
    19.80+3.25+19.64%
    ORIENTP.BO
  • Price % Losers
    Price % Losers
    NamePriceChange% Chg
    11.500.000.00%
    4THGEN.BO
    17.300.000.00%
    ALFAICA.BO
    16.150.000.00%
    CJGEL.BO
    10.460.000.00%
    COSBOARD.BO
    22.000.000.00%
    EMAINDIA.BO
  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.

    Yahoo Cricket