The gender gap in terms of salary between women and men affects many US women. Results from a SurveyMonkey/theSkimm/Hive online poll show that a large number of Americans, especially female millennials, consider the gender gap to be very real. Examples include being ignored for promotion, being seen as less qualified at decision-making and being paid less for the same work. Almost 70% or respondents believe that many issues prevent full equality in the workplace. The gender pay gap hurts businesses’ efficiency and fuels the turnover rate for female employees. Eliminating it would benefit everyone, not just women.
The idea that women suffer from a gender pay gap is based on incorrect theories, argue Andrew Biggs and Mark Perry in Real Clear Markets. Most deviations in pay come down to issues that pertain to the hardness of a job, and skills needed to perform it. Around eight out of ten engineering and computer science majors are men. Two out of three liberal arts, drama, dance, education and fine arts majors are women. Because men choose jobs that are more desirable on the labor market, they get paid more. Men also tend to commute further, work longer hours and die on the job more, all of which affect the salaries for these jobs.