The gender pay gap remains wide as ever
2 hours ago
Photo has been used for illustrative purposes.
It’s a man’s world, diehard male chauvinists would say. They would buttress their argument with examples out of their hat: women cannot do a lot of jobs, such as heavy-duty projects in construction and engineering; they are not tailor-made for roles in war zones; they cannot do late-night duty in many companies for reasons of safety and security. Now there is another area where disparity seems to be blatant: the boardroom or high-profile executive jobs.
Most of the women running the biggest US companies saw their pay increase last year, even as the pandemic pummelled the economy and many of their businesses. Despite those gains, however, the median pay for female chief executives actually fell in 2020. Already a small group, they saw several top-ranking women leave their jobs last year. That means changes in pay for only a few helped skew the overall figures, highlighting just how slow diversity has been to catch on in Corporate America’s corner offices.