The gender pay gap has changed over time. Here’s how.
A new research led by Resolution Foundation showed how the gender pay gap has changed over time. Focusing on recent generations, the analysis revealed that the gender wage gap for women in their 20s was significantly lower than the one experienced by previous generations.
“Young women today face relatively little disadvantage in terms of their pay packets compared to what their parents’ and grandparents’ generation faced,” said Laura Gardiner, a senior policy analyst at the nonpartisan foundation.
According to the study, the gap has lowered throughout a generation to a 5 percent minimum, but it will increase as the same adults grow older. As millennial women progress in their careers, the gap will raise to 9 percent through their 30s and early 40s and they will earn significantly less than their male counterparts.
The reason for this is that during this time of their lives most women start having children and taking time off work necessarily prevents them from advancing in their careers. Also, it’s more difficult for women to take on where they left off, because after maternity they often choose part-time jobs.
Pay penalty associated with having children is not just a short-term thing; in fact it can last for decades.
Despite the fact that young women today have rights and opportunities that their grandmothers would have dreamed about and the generational gender pay is a progressing phenomenon, a key challenge of our times still remains the defeat of gender differences at all career stages, especially after childbirth.