American women work 59 days for free
The disparity in pay between female employees and their male counterparts gives employers a 22.6% discount on labor.
The Huffington Post and the Institute for Women’s Policy Research did some analysis and determined that women would have to work another 11 work weeks and four days a year to be paid the same amount as their male colleagues. Since women make only 77.4% of what their male counterparts bring home from the same job, they'd have to put in 22.6% more hours to earn equal pay.
Lawmakers haven't been especially proud of that disparity and approved the Lilly Ledbetter Act against pay discrimination back in 2009. They're currently pushing the Paycheck Fairness Act that would make it illegal for employers to fire workers for discussing compensation.
Still, a 2011 study from the Institute for Women's Policy research found that women, on average, make 82% of what their male counterparts make, while nearly half are either not allowed or are strongly discouraged by their employers from discussing pay information with co-workers.
According to the Democratic Policy and Communications Center, women make $434,000 less than men on average over the course of their careers. That starts right after college. Congress' joint economic committee says women make $7,600 less than men immediately following graduation. And it continues to the latter stages of their career, when Catalyst says women make up just 6.2% of top earners.
But that's OK, right? All that new legislation is going to make everything nice and equal, no? Kind of.
The gender pay gap is going to close, but the Institute for Women's Policy Research says it won't happen until 2056 at this rate. When today's workers' granddaughters finally achieve pay equity with their male coworkers, it will be because grandma worked an extra 2,537 days for free to make it happen.
This study isn't talking about a woman that only worked 1500 hours because she had a kid or whatever during the year, while the man worked a full 2080 hours for the year. It is talking about all things being otherwise equal - the woman gets screwed.
It is amazing what you can do to get people angry by printing only part of the story. As long as woman are at war with men it sells newspapers, movies and blogs. None of the statistics quoted are true comparisons of actual hours and work at the same job. If the story was true no man could ever get a job because greedy employers would hire the cheapest labor possible. This is just to keep woman angry and it is working.
For example one study showed how male doctors made more money than females which was true, proving the point of the story. However, on a closer look they only reported on annual salaries but the hourly charges for men and women were the same. How can this be? The male doctors were working more hours per week and seeing slightly more patients per hour which earned them more per year but there was no difference per patient.
The bottom line is; it is important to some people to keep men and women at odds instead of letting them work together to solve even bigger issues.
The vindictiveness in the workplace of intimidated men can be quite astounding, and the presence of intensely qualified women can set this off. At this point, women absolutely require legal protection so that they are not penalized for any number of low self-esteem responses from the guys at work.
This is for the negative people to my blog. I worked at this company 19+ years and I still have the awards from my company, I still have the copies of my reviews from my company and I still have the letters from the large companys stating I did a great job for them. What I don't have is the same salary that my male counterparts got. I'm sorry that this is still true in the workplace. It should have changed by now and gladly it has to some degree. I don't regret no longer being a team player. My company could never say I didn't do my job, I continued to do a great job. But when a sales rep. came and asked for help, this old girl was not as anxious as before in helping and they knew why. When one of those young college graduates couldn't do the job and they asked me to help, I would say I was really busy with MY work that I'm required to do. I wasn't being paid to do 2 jobs, just my job. It comes a time when even an employer has to asks itself, why this person can do the work and another can't. Accountability here. So if I wasn't a team player, sorry Charlie, but it took a lot of years to realize that I was a Chump for doing double duty for so long.
Oh, by the way! That young person who reorganized everyone out of a job, including the management, male and female alike. Well they were given a top management job for their good efforts in getting rid of all the 40+ employees. But low and behold the person couldn't actually work and was fired shortly thereafter. I sent her a thinking of you card and I quote: I told you that one day you'll be over 40 yrs. of age & this will be happening to you and I hope I'm around to see it. Well I am. But you were fired for not being able to do your job. I was downsized for doing my job. Also, a few weeks before I found out I had no job anylonger, I won a sales incentive, 2nd. place but pretty good. I beat out everyone else. This company knew I wasn't going to be kept on and wasn't going to pay me my prize (money) for doing this good job. They paid me after my attorney called them. Also I joined a class action suit and we won a settlement. Understand this people. If you do the job, you should get the same pay as a male person gets. If you were being shafted, you would want to be paid the same.
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[BRIEFING.COM] The stock market finished the Tuesday session on the defensive after spending the entire day in a steady retreat. The S&P 500 (-0.6%) posted its third consecutive decline, while the small-cap Russell 2000 (-0.9%) slipped behind the broader market during afternoon action.
Equity indices were pressured from the start following some overnight developments that weighed on sentiment. The market tried to overcome the early weakness, but could not stage a sustained rebound, ... More
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