Gender Pay Gap in US Won’t End Until 2070

March 27, 2019 by Douglas A. McIntyre

Studies have shown that women in the United States make about 80% of what men do to perform exactly the same job. A new survey forecasts that will not change completely until 2070. The difference between male and female pay is closing, but clearly not very quickly.

Employee review firm Glassdoor has released its Progress on the Gender Pay Gap: 2019 report, from a survey conducted by its Glassdoor Economic Research. It includes results on gender pay differences for Australia, Canada, France, Germany, the Netherlands, Singapore, the United Kingdom and the United States. The gender pay gap in the United States is $0.79 for women compared to a dollar for men. It was the smallest in France at $0.88 per dollar, and the largest at $0.78 in Germany.

 

Progress in the United States has been slow. Three years ago, the gap was $0.76 for women in the same job compared to $1 for men. Glassdoor used that rate of progress to make its forecast. The researchers said: “At this current pace, Glassdoor economists estimate pay equality could be achieved in the U.S. by 2070, if all current factors remain unchanged.”

The comparison between men and women varies significantly by job. Glassdoor looked at 15 professions. The gap was largest among pilots, where men make 26.6% more than women, and among chefs, where men make 24.6% more. These numbers vary geographically as well, based on an analysis of the worst-paying states for women.

 

Industries where men make more than women include media, where the difference is 6.4%, and retail, where they have the same advantage. Another analysis was recently made in a study of the 25 highest paying jobs for women.

 

Not all the differences in pay can be explained. Glassdoor puts factors into two categories, which are those that can be explained and those that cannot. Those that can be explained, such as age and education, make up 64% of the difference. Those that cannot be are 34%.

Across most of the data, most women, both by country and by career, are making progress, but 2070 is a very long time away.

Essential Tips for Investing: Sponsored

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.