Wednesday, June 29, 2016

The Gender Pay Gap Is Even Worse At The Top - FASTCOMPANY

by Leah Hunter
Originally published: June 28, 2016
Publisher: FastCompany.com 

An analysis of income distribution among top earners shows that the gender pay gap increases dramatically in the 80th and 90th percentiles.

It's already well known that a woman makes 79¢ for every dollar a man makes. But did you know that the gap gets even wider for women with the highest incomes?

The amount women are paid decreases to 46¢ on the dollar when it comes to the top 1% of earners, according to new data released by the Commerce Data Service (CDS), a group of data engineers, technologists, and scientists who work in the Department of Commerce.

There are several anecdotal examples of this disparity. Robin Wright, who plays Claire Underwood on the Netflix series House of Cards, recently had to negotiate for the same pay as her costar Kevin Spacey. Yahoo's CEO Marissa Mayer was paid less than the man who held the job before her. And General Motors CEO Mary Barra received a first-year compensation package that was less than half of what her male predecessor was offered.