The gender wage gap is slowly inching to a close but it may be too slow in comparison to the rapid growth of the tech industry which now constitutes the biggest slice in the economy.
April 2, is meant to symbolize how much longer a woman would have to work into the new year to make the same as a man did last year. That’s an extra three months.
Pay inequality transcends most industries, but the situation is particularly critical in the case of tech.
Though there is nothing new about this, it might be interesting to note that the wage gap could potentially hurt tech companies in the long run.
Women are more likely than men — 32 percent versus 24 percent of the time — to start looking for new work when they learn of a pay discrepancy, according to a survey by Hired.
That means it will be harder to retain women at US tech companies, which are already struggling to find enough talent.
(Image credit: NESA by Makers/Unsplash)
30 years ago, working at IBM, female engineers were paid substantially better than males. Yeah, this sort of thing sucks.
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