RSS Facebook Twitter LinkedIn
 


Featured Advisor



Asset Preservation Advisors




City:Atlanta

State: GA



BIOGRAPHY:
APA’s philosophy is to work closely with our clients to develop an in-depth understanding of their unique needs and objectives. We then customize a municipal bond portfolio that best meets their specific goals and needs. APA manages high quality municipal bond portfolios in four strategies: Short-Term, Intermediate-Term, High Income, and Taxable.

Click to see the full profile


Share |

The List: Professions With Widest Gender Pay Gaps

White collar jobs show up far more often at the top of the list of professions with wide gender pay gaps. 

| BY Kent McDill

While the gap is getting smaller between what men earn and what women earn for doing the same job, it still exists, and in some occupations, it is still fairly large.

According to the Bureau of Labor Statistics, overall women earn 82.1 percent of what men do, although women between the ages of 16 and 24 earn 91 percent of what males the same age earn. In 1979, the BLS said women earned 65 percent of what men earned for doing the same job.

It is estimated that only 14 percent of all Fortune 500 board seats are held by women. According to the World Economic Forum, the United States ranks 65th in gender pay gap among 142 developed countries in the world. Canada and the United Kingdom are better than the United States in paying women similarly to men, while China and France rank behind it.

Burundi, a tiny African nation little known outside of Africa, leads the world in equal pay for women, according to the WEF.

Fortune Magazine looked at data gathered from the BLS Current Population Survey and compared median weekly earnings of full-time wage and salary workers by occupation and gender. It excluded occupations that lacked gender-specific data.

Then it came up with the 20 occupations for which the gender pay gap is the largest.

Fortune noted that there are speculations as to the reason these pay gaps exist, from a woman’s inability to negotiate pay as well as men, to a women’s decision to accept lower paying positions. But the reasons for pay gaps aren’t always a viable reason for a pay gap, and the Fortune list shows that pay gaps exist in both white collar and blue collar occupations.

The top five occupations for gender pay gap are:

Personal Financial Advisors: Wage gap 61.3 percent.

Physicians and Surgeons: Wage gap 62.2 percent.

Securities, commodities and financial service sales agents: Wage gap 65.1 percent.

Financial managers: Wage gap 67.4 percent.

First-line supervisors of housekeeping and janitorial workers: Wage gap 69.4 percent.

The occupations that rank six through 10 in wage gap are sales and related workers, first-line supervisors of production and operating workers, retail salespersons, other teachers and instructors, and the group of occupations including inspectors, testers, sorters, samplers and weighers.

To see the occupations that rank 11th through 20th, see the Fortune story here.

 



About the Author


Kent McDill

kmcdill@spectrem.com

Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for www.nba.com. He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.

In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.

McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.

McDill is the father of four children, and an active fan of soccer, Jimmy  Buffett and all things Disney.