Factors That Impact Pay Inequity

Now more than in recent past is economic and wealth inequality a crucial issue in

No matter which country you would look into whether it’s from wealthier to those less wealthy countries through the eyes of economics, there are bound to be types of inequity within their borders. Inequity is a very crucial problem in the United States, you would think that our economy here in the states is booming, and the citizens are living life easy or without worry. Life is the United States isn’t as it seems, in fact, Inequity is in fact a big problem even in the United States. Over the years, there has been millions of Americans that were considered to be in poor or in poverty line that are not able to provide for themselves and their families. We can sadly see those Americans on the streets, cars or shelters unable to keep-ends meet that are not able to keep a decent paying job. That is why throughout this paper I’ll be discussing why inequity is a big issue in the United States from how income is distributed through causes of income inequality, social status, and even how the government interventions is trying to alleviate income inequity.

The reason why I have composed this informative essay on the chosen topic gender inequality: the pay gap is because I thought it’s an important topic to be explored and it ties into economic inequality. With my revisions, I focused on clarifying certain information I put into my essay from other sources so that women could have better explanations on how this information supports the overall paper. I attempted to cover three core areas that may be contributing to the pay gap in hopes that this would guide their attention on the most critical information. I did confuse some students with where I was going with my essay and the issue at hand. Some peers assumed I was informing them on the existence of the pay gap rather than my intended

Minorities encounter unequal pay who have same qualifications as the standard group in America, which are the white Americans. The minority group with the largest pay gap are the Hispanic and Latina women who receive only 54 percent of "what a white man were paid in 2014" (Hill, n.d., para 8). Hill continues to express those who are affected by the pay gap, she states that the "pay gap is far worse for women of color". Furthermore, According to Hill (para. 10-12), education is a great way to increase earnings and decrease the pay gap, however, the "black and Hispanic women still earn less than their white and Asian peers, even when they have the same educational credentials." Furthermore, this indicates that with the same qualifications and

Joseph Altonji and Rebecca Blank (1999), in their study, find that the hourly wage gap of 21 percent between white and black men depreciates to 12 percent when they take into account differences in experience and education and to 9 percent when industry and occupation is taken into account, suggesting that experience and education explain 9 percent while industry and occupation explain 12 percent of the wage gap. This gap in experience, education, industry and occupation between white and black men vanishes when Altonji and Blank take into account ability and skill (Altonji and Blank

The closer you look into the world, the more secrets you will unlock. If you were to look closely in world history, you would see racism and inequality. If you look in art, you can see racism and inequality. Inequality has not been eradicated, there is still a heavy divide between races in our nation, the United States. As article one stated, 88 percent of blacks believe the nation still needs to make changes to benefit equality, but 43 percent do not believe these changes will occur. Different races have different views on the changes for equality. Article 1 states the 53 percent of whites believe the nation needs to change to aid the fight for equality. The other 47 percent believes that the country has changed enough to support equality.

Did you know that the wage gap is affected by more than just wages? Until the Enlightenment of Europe in the 1400s, women were viewed as less than men. They were not expected to work or be in any leadership positions. Now, the modern feminist movement is gaining momentum in raising the equality of women by increasing access to information about inequalities women face and hosting protests. Despite their success, women still face inequalities, especially in the work force. Women’s lack of access to equal employment opportunities leads to a wage disparity, for which political solutions have been implemented without success.

Income inequality in the United States has risen significantly. Today, Income inequality is at its’ widest point since the 1970s (CSNBC). Income inequality refers to the extent to which income is distributed in an uneven manner among a population (website).

The fight for equality amongst the genders has been a long one for American women. Although during the country’s history, the government has granted many rights to women, in hoping for equality amongst genders, these rights have been poorly enforced. Many companies still pay their women workers less than their male counterparts for doing the same job because of issues like cultural bias. Women cannot seek for equal pay because of their ignorance to the specifics of the wage gap or because of the fear of retribution. While all of this still holds true, California has taken a step further in closing the gender wage gap with the passing of the Fair Pay Act in 2015 which bans pay secrecy and retribution for inquiry of earnings. It is hopefully only through the strict enforcement of this act and the setting up educational programs that California can hope to successfully

Income inequality has been a major concern around the world, and it mainly links to how economic metrics are distributed among individuals in a country. Economists generally categorise these metrics in wealth, income and consumption. Wilkinson and Picket (2009) showed in their studies that inequality has drawbacks that lead to social problems. This is because income inequality and wealth concentration can hinder or delay long term growth. In 2011, International Monetary Fund economists showed that less income inequality increased the duration of countries’ economic growth spells more than free trade, low government corruption, foreign investment or low foreign debt (Berg and Ostry, 2011).

In developed nations income inequality has also drastically increased. For instance just recently in the United States, the richest americans (the top 1%) made 19.3% of all the United States income, which is the most drastic income gap since the twenties. “The top 1 percent of U.S. earners collected 19.3 percent of household income in 2012, their largest share in Internal Revenue Service figures going back a century” (Paul Wiseman). Both developed and developing nations are having major issues dealing with income

In this paper we examine more closely the possible sources of the differences in the wage gap, paying particular attention to whether these differences can be accounted for by differences between men and women in the patterns of racial and ethnic segregation.(3) More generally, we believe that research on why racial and ethnic wage gaps differ by sex may ultimately prove useful in helping to understand the sources of these gaps. For example, if one believes that the observed wage differentials are the result of employer or customer discrimination (e.g., Darity and Mason, 1998) then one needs to try to explain why this discrimination is apparently more severe with respect to male employees. In general, if one believes that some other unmeasured characteristic is responsible for these wage differences, then evidence that this characteristic is more important for men than for women would bolster one's case.

I believe that Columbia’s flextime policy does a better job at addressing the gender pay gap and disparities that woman may face in the workforce. In the Gibelman article the author discussed the long history of pay inequality in the US workforce. One point that the author highlighted was the need to have concrete legislation and oversight committees with clear execution plans in place to support legislation that prohibits wage gap based solely on the gender of the worker. Such committees would be tasked with examining the way policies create by companies may support the current wage gap disparities or tactics that are being used to create new barriers. For example in the yahoo flextime article it can be argued that the elimination of the

%This paper investigates the influence of income inequality aversion on labor hours supplied, tax preference, efficiency, and the income share of high-skilled workers in a redistribution game. The redistribution game represents a two-stage game where workers vote for a flat income tax rate in the first stage and provide their labor supplied in the second stage given the former income tax. Consequently, workers adjust their labor supplied to a way of reducing income inequality. This adjustment mainly caused by decrease in the labor supplied of the high-skilled workers results in decrease in total income and the income share of the high-skilled workers. Furthermore, regarding preferences on the tax rate, the higher tax rate is not necessarily

Economists deem income inequality within developing countries as a “dangerous” and concerning issue. Researchers, politicians, and economists all have varying views on the subject; each with their own opinion on the causes of and solutions to income inequality. This essay reviews the current research surrounding income inequality while also incorporating a personal opinion on the matter.