"Men got higher pay than women 59% of the time for same U.S. tech jobs"/ "U.S. women had to work 42 more days to earn what men did in 2020"

May 19, 2021 "Men got higher pay than women 59% of the time for same U.S. tech jobs": Today I found this article by Carolina Gonzalez on Bloomberg news:

The gender wage gap in tech is alive and well, albeit improving — slightly.

In 2020, male job candidates were offered higher salaries than their female counterparts for the same role at the same company 59 per cent of the time, according to data collected by Hired, a platform that matches job seekers with open technology and sales roles. 

On average, those salaries were 3 per cent higher for men than women. Though certain markets have bigger gaps than others. 

In London, men have 10 per cent higher pay, compared to 5 per cent in the San Francisco Bay Area and 7 per cent in New York.

The gap shrunk slightly from 2019, when male candidates got higher offers 65 per cent of the time, and received an average pay of 4 per cent more than women.

 It improved for people of color too, as Black candidates saw wages that were 4 per cent lower than the baseline in 2020 compared to a gap of 5 per cent in 2019.

“We were pleasantly surprised and excited to see that the gap is narrowing in terms of in terms of the wage gap, but we have a long way to go,” said Josh Brenner, chief executive officer at Hired. 

“We continue to see that underrepresented groups across the board are paid less than their White male counterparts for the same role.”

The tech industry is notorious for its bro culture, defined by high-flying companies that are mostly male and have long had a history of widespread bias. While women are entering the field in greater numbers and starting to move up the ranks, progress is slow, and is especially reflected in pay. 

It’s also taken on a new prominence since last year’s Black Lives Matter protests, as companies have placed a renewed focus on narrowing racial inequity.

The discrepancies can often be a self-fulfilling prophecy. 

Women expected to earn 6 per cent less than men in 2019 compared to 3 per cent in 2020, improving alongside the actual wage gap. 

The two are so strongly correlated that a narrowing gap in expectations can end the resulting disparity entirely, Brenner said.

“People can get stuck in a cycle of having lower pay over time because they truly don’t know,” Brenner said. 

“They don’t know what is the average or what is the fair compensation for the role, for the experience that they have.”

One of the best ways for businesses to move toward pay equality is by being transparent with compensation data, Brenner said. 

Companies like Starbucks Corp. and McDonald’s Corp. are increasingly releasing more statistics about the breakdown of their workforces. 

More may follow suit under President Joe Biden’s Paycheck Fairness Act, which requires employers to provide pay information data regarding the sex, race and national origin of employees to the U.S. Equal Employment Opportunity Commission to help enforce federal laws prohibiting pay discrimination.

Hired surveyed more than 2,000 tech employees over the course of last year. It also drew data from its network of over 10,000 participating companies.

Men got higher pay than women 59% of the time for same U.S. tech jobs - BNN Bloomberg

May 25, 2021 "U.S. women had to work 42 more days to earn what men did in 2020": Today I found this article by Caroline Gonzalez on Bloomberg news:

As droves of women left the workforce last year, those who managed to hold onto their jobs made 84 per cent of what men earned, according to a Pew Research Center report released Tuesday.

In other words, women in the U.S. would have to work an additional 42 days to pull in the same amount of money as men did. That gap remained unchanged from a year earlier, found Pew, which analyzed median hourly earnings for full- and part- time workers. 

The pandemic economically devastated women in the U.S., with nearly 2 million leaving the labor force altogether since February last year. 

By one estimate, women around the world lost at least US$800 billion in income last year, according to a report from Oxfam International, the global charity non-profit. 

That was largely due to working in industries hardest hit by the Covid recession, such as retail and tourism. Many women also left their jobs to care for kids whose schools and daycares closed. 

Much of the gender pay gap is due to women’s over-representation in the lowest paying jobs and fields. 

The lack of paid family leave, bias against mothers for taking time off, and the so-called “chores gap” also hurts women’s earnings. 

The pay gap is much smaller for younger women, before many have kids; those aged 25 to 34 make 93 cents for every dollar a man earns. 

Women are nearly twice as likely as men to say taking time off after birth or adoption had a negative impact on their job or career, Pew found in 2016.  

In a 2019 Pew survey, mothers with children younger than 18 were more likely than fathers to say they needed to reduce their work hours, felt like they couldn’t give full effort at work and turned down a promotion because they were balancing work and parenting responsibilities. 

Sending young children back to school will do most to improve women’s economic fortunes, according to a paper from the National Bureau of Economic Research. 

U.S. women had to work 42 more days to earn what men did in 2020 - BNN Bloomberg

My opinion: When I was reading these articles, I see there is an improvement.

I know about having kids is going to affect your career if you're going to work more or less.