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Topic	Baby Boomers are starting to retire and the economy is starting to tank.
Zanzenburger 05/08/18 10:39:16 AM #39:	QassTank posted... @Zanzenburger posted... The gender wage gap isn't imaginary, Uhh... You realize the whole wage gap statistic is entirely misleading, and that when it is adjusted for the same job position and hours worked, the wage gap vanishes, right? http://www.ncpathinktank.org/pdfs/ba392.pdf But it does seem interesting that it would be possible for the average boomer to not have a lot of savings while they are also predicted as having a huge effect on the market? Maybe the savings figure isn't counting stocks? Let's look at just one specific type of job: Management. https://www.jstor.org/stable/25472487?seq=1#page_scan_tab_contents In companies where there are more male managers than female managers, income inequality between genders is more pronounced. However, once women reach more high status positions, the wage gap becomes more narrow. Not just for the "high status" women, but women at lower levels of management in the company. That's because they put more effort into giving more equal pay to other women, something male managers are less likely to do. And part of it is an institutional sexism problem. Women are less likely to negotiate for a higher job salary because they are discouraged from doing so by society. https://www.themuse.com/advice/why-women-must-ask-the-right-way-negotiation-advice-from-stanfords-margaret-a-neale One of the questions she asked people is, When you got your offer, did you attempt to negotiate? She found that about 7% of women attempted to negotiate, while 57% of men did. Of those people who negotiated, they were able to increase their salary by over 7%. So, you can see that if women and men negotiated in similar proportions, that 7.6% difference would be cut dramatically. It's not as cut and dry as "men pay women less" in the workforce. Most of the time it is not intentional. The problem is that women have not been given the same guidance and opportunities as men to improve their careers and salaries. A woman manager, who likely went through the same thing, are more likely to negotiate a higher salary for a new hire since she knows what equivalent male coworkers are making. But a pay gap does exist. It's just that with more women achieving high ranking positions within companies, they are helping narrow that gap. --- Congratulations! Your post was deemed response-worthy. <cite>Zanzenburger posted [p:900994207] in Baby Boome... [t:76586485]...</cite> <quote><cite>QassTank posted...</cite> <quote><cite>@Zanzenburger posted...</cite> <quote>The gender wage gap isn't imaginary, </quote> Uhh... You realize the whole wage gap statistic is entirely misleading, and that when it is adjusted for the same job position and hours worked, the wage gap vanishes, right? http://www.ncpathinktank.org/pdfs/ba392.pdf But it does seem interesting that it would be possible for the average boomer to not have a lot of savings while they are also predicted as having a huge effect on the market? Maybe the savings figure isn't counting stocks?</quote> Let's look at just one specific type of job: Management. https://www.jstor.org/stable/25472487?seq=1#page_scan_tab_contents In companies where there are more male managers than female managers, income inequality between genders is more pronounced. However, once women reach more high status positions, the wage gap becomes more narrow. Not just for the "high status" women, but women at lower levels of management in the company. That's because they put more effort into giving more equal pay to other women, something male managers are less likely to do. And part of it is an institutional sexism problem. Women are less likely to negotiate for a higher job salary because they are discouraged from doing so by society. https://www.themuse.com/advice/why-women-must-ask-the-right-way-negotiation-advice-from-stanfords-margaret-a-neale One of the questions she asked people is, When you got your offer, did you attempt to negotiate? She found that about 7% of women attempted to negotiate, while 57% of men did. Of those people who negotiated, they were able to increase their salary by over 7%. So, you can see that if women and men negotiated in similar proportions, that 7.6% difference would be cut dramatically. It's not as cut and dry as "men pay women less" in the workforce. Most of the time it is not intentional. The problem is that women have not been given the same guidance and opportunities as men to improve their careers and salaries. A woman manager, who likely went through the same thing, are more likely to negotiate a higher salary for a new hire since she knows what equivalent male coworkers are making. But a pay gap does exist. It's just that with more women achieving high ranking positions within companies, they are helping narrow that gap. --- Congratulations! Your post was deemed response-worthy.</quote> ... Copied to Clipboard!
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