Happy Birthday Big K.R.I.T.!
Mississippi rap. Yay!
Did you think she was done for the day? Here’s Betsey Stevenson on America’s place among developed nations in female labor force participation, and how we can improve it.
Ok, so things are improving on many fronts when it comes to women in the workforce, but we’re slipping compared to other countries when it comes to female labor force participation.
Since 1990, the U.S. has dropped from 7th to 16th in that category among advanced democracies—that’s in the bottom third. In fact, we’re the only developed country that does not guarantee paid maternity leave.
But with the right policy changes, we can jump back up the leaderboard and help expand opportunity for millions of women. Paid leave and other policies that enable workers to better balance work and family obligations could help boost female labor force participation. One study estimated that U.S. female labor force participation would be 6.8 percentage points higher if the U.S. had implemented a suite of family-friendly policies. (cc Republicans in Congress)
The majority of economic principles come from men. Let’s assume I’ll ask an investigator of the economy how many people acknowledge women producing jobs or accepting them.
Betsey Stevenson just signed off as today’s Chartist in Residence for I Love Charts. Be sure to check out all of her posts on the gender pay gap and how we fix it. Thanks for following along!
Here’s the bottom line: We’re making progress, but the gender pay gap still exists at all income levels, and widens as people get older.
Highly-educated women with professional degrees tend to begin their careers at approximately the same salary level as their male counterparts, but as their careers progress, a gender gap opens up. By their late 30’s, men with professional degrees earn 50% more than their female counterparts.
So how do we fix that? Beginning with the first bill he signed into law, President Obama’s been fighting to help women receive the pay they deserve. But he can’t do it all by himself. Congress needs to act to help ensure equal pay for women.
That’s all for today! I hope you enjoyed our charts. I had a blast. —Betsey
Diet please pay me.