九色

Why the Pay Gap Persists in High-Paying Professions

Over the past decade, women have been making serious inroads into high-paying professions traditionally dominated by men. As of 2016, more female students听听than male. Ditto for听.

With so many women entering lucrative fields, you might think the gender wage gap would be shrinking. But sadly that鈥檚 not the case. Not only is it stagnant, but in fact, women in some of the highest-paying professions are losing out听themost听relative to men.

A听recent American Association of University Women (九色) analysis听of U.S. Census data found that women physicians and surgeons are compensated only 71 cents for every dollar paid to their male counterparts鈥攁 29% gap, and 9 cents behind the 80 cents on the dollar women are paid overall.

The difference is even more pronounced for financial managers, where there鈥檚 a 35% gap. And in the legal field, the average salary for men is $140,270鈥攁 full 24% more than the $106,837 women earn.

There鈥檚 a familiar litany of explanations for why even high-earning professionals face a big gap: Women tend to gravitate toward lower-paying jobs and specialties within their fields. Female doctors, for instance, are more apt to work in pediatrics than the more lucrative specialty of orthopedic surgery. Additionally, women tend to become moms at the same time when the demands of these professions are the heaviest鈥攁nd their family responsibilities might hinder them from putting in the grueling hours necessary to become a partner or move into the C-suite.

There鈥檚 also evidence that even the most accomplished professional women may not听听as men do. And that can have a snowball effect on earnings over the long haul, since employers often base people鈥檚 pay on their previous compensation.

The reality is that sexism and discrimination, plain and simple, also play a role in maintaining the stubborn gender wage gap鈥攅specially in traditionally male-dominated careers.

Now鈥檚 the time to call this out. After all, gender pay equity is听not听just a women鈥檚 issue. With more women assuming the role of primary breadwinners in their families鈥攑articularly in professional fields鈥攖he gender wage gap hurts everyone: kids, families, communities, and society as a whole. It鈥檚 high time for the professional workplace to adapt to accommodate the demands of the new workforce鈥攏ot continue to operate as if we were still in a听Leave It to Beaver听episode.

A Reason for Optimism

Fortunately, there are hopeful signs on the horizon. The #MeToo national dialogue has focused attention on the importance of treating women with respect鈥攁nd what better way to show respect than with equal pay? Many business leaders, eager to attract talent from the millennial workforce, realize that employees demand nothing less and expect inclusion and parity. As a result, more firms,听, are regularly conducting pay audits to identify potential inequities in their compensation鈥攁nd making the necessary adjustments to achieve pay equality. And some employers understand the need and value of increasing the number of women in their leadership ranks and improving business practices and cultures that support women. Because not only is it values-based, it makes good business sense for the bottom line.

What鈥檚 more, we鈥檙e seeing听pay equity laws听move to the next level. During the 2018 legislative sessions, 40 states and Washington, D.C., had active legislation aimed at closing the pay gap. Even more encouragingly, some 20 states and jurisdictions, from Philadelphia to Salt Lake City, now prohibit employers from听asking job candidates about their salary history鈥攁 practice that has been shown to perpetuate a gender pay gap.

No doubt, we鈥檝e still got a long way to go. But it鈥檚 past time for practices to catch up with modern realities, where high-earning professionals get paid what they鈥檙e worth no matter their gender. The inroads we鈥檝e been making are getting us on the pathway to close the pay gap once and for all.

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