Wage Gap | Vibepedia

The wage gap, also known as the gender pay gap, refers to the average difference in remuneration between men and women who are employed. According to the [[world-economic-forum|World Economic Forum]], the global gender pay gap stands at 38%, with women earning approximately $0.62 for every dollar earned by men. In the [[united-states|United States]], the non-adjusted gender pay gap is around 21-17%, while the adjusted gender pay gap, which takes into account differences in hours worked, occupations chosen, education attained, and job experience, is 5-1%. The [[european-union|European Union]] reports that around two-thirds of the gender overall earnings gap is associated with lower women's working hours and lower women's employment rate. The wage gap is a complex issue, influenced by factors such as [[gender-discrimination|gender discrimination]], [[gender-norms|gender norms]], and [[parental-leave|parental leave]] policies. Closing the wage gap requires a multifaceted approach, involving [[policy-reform|policy reform]], [[education-and-training|education and training]], and [[organizational-change|organizational change]]. As noted by [[sheryl-sandberg|Sheryl Sandberg]], COO of [[facebook|Facebook]], 'the gender pay gap is a symptom of a broader problem - the lack of women in leadership positions'.