The most recently available data from the U.S. Bureau of Labor Statistics show women above the age of 35 typically make less than 80% the salary of their male counterparts. Among younger workers it is a bit better, but still unequal, with women aged 16 to 34 making about 90 cents to every dollar paid to men. In 2014, the ratio of women’s to men’s median weekly full-time earnings averaged out to 82.5%.
In fact, progress has slowed. The weekly gender wage gap narrowed by just 1.5 percentage points from 2005 to 2014, compared with 8.1 points in the 10 years prior, according to the Bureau of Labor Statistics. At current rates, it would take another 43 years for women’s salaries to reach parity with men’s, according to the Institute for Women’s Policy Research.
“The wage gap has stalled, even though women have made major advances in terms of education and increased their share of professional managerial jobs.”” said Ariane Hegewisch, study director of the Institute for Women’s Policy Research.