A “yes, but” element attaches to pay stats for U.S. female executives

On Behalf of | Feb 22, 2021 | Employee Discrimination

Readers who justifiably applaud workplace equity and undifferentiated fairness for all employees across every measuring yardstick will logically revel in the following piece of news concerning female workers.

That is this: Women employees working at the top echelon of U.S. companies are progressively commanding bigger paychecks. And their pay has been steadily rising over a period of successive years now.

That is unquestionably good to hear, right? Equal pay for equal work should be the American norm without exception or qualified consideration regarding any special class of employees or distinguishing personal attributes.

Consider this piece of information, though, which comes courtesy of a report issued recently by Morningstar Inc. That prominent financial research group points to firm empirical data underscoring that the good news concerning gender-based pay equity at the top of the financial food chain comes with a large caveat.

That is this: Morningstar stresses that “the highest paid women earned 84.6 cents for every dollar earned by male counterparts [at the same job level] in 2019.”

That tempers the demonstrated upside more than a bit, doesn’t it? It certainly highlights a pinnacle at many American companies marked by greater financial traction for women coupled with a persistent pay gap tied solely to gender.

In a nutshell, the Morningstar report supplies data that can readily serve as ammunition for arguments that stress both leaps and lags in gender-based pay equity.

Things are obviously improving, but a great deal of work clearly remains to be done.

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