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The below wage gap data (Image I) shared today publicly further supports our earlier findings shared below as an image (Image II) that the gender-based wage ratio of 0.74 usually mentioned is not really the case, and is highly dependent on variables such as, nature of occupation, years of experience, location, and more.
As pointed out before, women's participation in the labor force in the US has been increasing during the last forty years, and until then there used to be a much larger proportion of men in the labor force, especially in fields such as medicine and health care.
Taking this factor into account, which indirectly points to more years of experience, along with men outnumbering women in the medical arena even in the current times, the wage gap might not be as pronounced as we think.
Another perspective:
The median income for a bachelor's degree holder in the US is around $55K,
whereas the salary of even the women gastroenterologists happen to be almost 6.5 times more than the average median income, and still there are qualms about the wage gap.
References:
1. https://plus.google.com/111375717217714398633/posts/7DaZeLwDAxD
2. https://plus.google.com/+DrFarzanaRashidHossainMD/posts/RiteALFzgzi
As pointed out before, women's participation in the labor force in the US has been increasing during the last forty years, and until then there used to be a much larger proportion of men in the labor force, especially in fields such as medicine and health care.
Taking this factor into account, which indirectly points to more years of experience, along with men outnumbering women in the medical arena even in the current times, the wage gap might not be as pronounced as we think.
Another perspective:
The median income for a bachelor's degree holder in the US is around $55K,
whereas the salary of even the women gastroenterologists happen to be almost 6.5 times more than the average median income, and still there are qualms about the wage gap.
References:
1. https://plus.google.com/111375717217714398633/posts/7DaZeLwDAxD
2. https://plus.google.com/+DrFarzanaRashidHossainMD/posts/RiteALFzgzi
Wage Gap - Extension of an earlier post
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