The wage gap for women, which has typically been reported as 80 cents to every dollar a man earns, is actually much greater when measured over long term periods of time, Bloomberg reports.
An Institute for Women’s Policy Research study revealed that, when measured over a 15 year span of time, women’s earning were just 49% of that of their male counterpart- a 51% wage gap.
The study also showed that women who took a year off of work during the 15-year study period, earned 39% less than women who continued to work for the entire 15 years. The IWPR’s president Heidi Hartmann explains: “We have actually been underestimating the extent of pay inequality in the labor market.”
Meet your guide
More Like This
Thanks for reading InsideHook. Sign up for our daily newsletter and be in the know.
