Question

In the US women are payed around 81-82 cents to one dollar when compared to men. The rest of the world falls somewhat in between. Europe is better, with the northern countries reaching about 90 cents to one dollar, while other parts of the world fall way lower.

What I want you to do is to is to discuss and think why this gender pay gap is disastrous for societies in economic terms. I encourage you to think of this in terms of negative economic consequences. Generally, we know why this is not acceptable or fair in political/social terms, but we are less aware why this is an issue that goes way beyond political correctness or fairness. The idea is that by focusing on the economic consequences of the pay gap we can better understand the magnitude of this issue and its centrality to the twenty first century.

Answer 1

Women income Lo gets their career speak about poverty in the retirement can affect the entire economy of US. Us economy expanded with increased contribution of the women participation. There is a gender pay gap of about 79%.women of colour and the in equity is mostly marked or less than half of white male counterparts earn. Despite more women have college degrees median earnings of women are less than their level of education.typically a women having a graduate degree on approx $5000 less than compared to a typical male with any bachelor degree. The gender pay gap gets widened as they continue with their careers which affects the older workers heavily.women ranging between 45 years to 54 years on approx 70% less than their male of same age. Less wage all over the working time span means less contribution to retirement plans also get less amount of pensions and lesser benefit of social security. Income tax retirement for women of ages 65 years or older is about 56% less than the median earning of men of the same age.women face crisis on retirement savings. Women of 75 years or older are in double poverty than men of same age.